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European Stock Indices Catch Cold from Bond Markets as Greek Debt Deal Remains Elusive

July 13, 2023
in Trade Tube
Reading Time: 1 min read
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A global selloff of government bonds weighs on European stock indices on Tuesday amid little progress on a resolution to the Greek debt crisis. The cash-strapped country transfers €750 million ($844.8 million) owed to the International Monetary Fund just hours before a repayment deadline but Finance Minister Varoufakis alarms investors with a comment that Greece could go bust “in a couple of weeks.” Among corporate movers EasyJet plc falls sharply in London as investors look beyond an unusually strong first half to worry about the full year, but industrial conglomerate ThyssenKrupp rises in Frankfurt after it upgraded its full-year profit outlook. Benelux grocers Delhaize and Ahold make modest gains following Monday’s surge as they confirm preliminary merger talks.

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