This Greek News Is Probably Why Markets Are Soaring

Why are markets higher in the US and skyrocketing in Europe?

It appears there may be some faint hopes of a coalition government.

This is from DJFXTrader

image

This question of forming a government, and whether Greece will or will not have elections again in a few weeks is a huge deal.

If Greece can’t form a government, and elections take place, the odds are that the far left party will win and will not go along with any demands whatsoever, forcing a true showdown with the rest of Europe over Greece’s membership in the monetary union.

It’s still very likely that that’s what will happen: another election and a left wing government. But any glimmer of stability is good news for the markets.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

greece moneygame-us