“We have had a pattern where the impact on the dollar is positive,” remarks Tom Mangan of James Investment Research Inc, “U.S. bonds do better and stocks fade every time the Greek crisis rears its ugly head, and the other way around. This will continue until we get it resolved.”
The Stoxx Europe 600 Index ended up 0.8%. The Greece ASE Index jumped 5.6%.
For more information on Greece, visit our Greece category.
Read the disclaimer; Tom Lydon is a board member of Rydex|SGI.
Max Chen contributed to this article.