By using this site, you agree to our Privacy Policy and our Terms of Use. Close

From the Nikkei article Seth provided,

On Greece:

"The news of a Greek delay may prompt profit-taking in overheated markets, but fundamentally speaking the talks are advancing towards a bailout ... Global markets are flooded with liquidity as a result of central banks' easing policies, so even if shares fall today, there will be plenty of buyers on dips," said Hiroichi Nishi, equity general manager at SMBC Nikko Securities. Earlier, Greece's political leaders agreed to the two final demands set by its international lenders to secure a bailout package."

On Japanese stock:

"Goldman Sachs wrote in their portfolio strategy note on Wednesday that Japanese equities were finally catching up to the global rally and said it had now expanded its cyclical recommendation to banks, insurance and real estate. Goldman lifted its six-month Topix target by 24 percent to 900 from 725, representing upside of 12 percent from current levels. Nomura was also bullish, writing in note that continued buying of high-beta stocks will support automakers, machinery, financials and trading sectors."