Investing.com - U.S. stock markets rose on Monday after euro zone finance ministers agreed on a rescue package for debt-stricken Greece, sharpening investors' risk appetite.
During early U.S. trade, the Dow Jones Industrial Average was up 0.11%; the S&P 500 index rose 0.16%; and the Nasdaq Composite index was up 0.05%.
On Sunday, the euro zone finance ministers announced the deal, stressing that Greece has not yet asked for the activation of the EUR 30 billion plan, which is expected to be supplemented by EUR 10 billion from the International Monetary Fund. Worries over Greece's gaping budget deficit have spooked financial markets in recent months.
A German government spokesman said on Monday, however, that a summit of European leaders would be needed to trigger the aid mechanism, Reuters reported.
Meanwhile, stock markets in Europe were mixed: France’s CAC 40 was down 0.06% and Germany's DAX shed 0.09%, but the EURO STOXX 50 was up 0.11% and Britain's FTSE 100 gained 0.01%.
Later in the day, the United States was due to publish its federal budget balance, the difference in value between the federal government's income and spending.
During early U.S. trade, the Dow Jones Industrial Average was up 0.11%; the S&P 500 index rose 0.16%; and the Nasdaq Composite index was up 0.05%.
On Sunday, the euro zone finance ministers announced the deal, stressing that Greece has not yet asked for the activation of the EUR 30 billion plan, which is expected to be supplemented by EUR 10 billion from the International Monetary Fund. Worries over Greece's gaping budget deficit have spooked financial markets in recent months.
A German government spokesman said on Monday, however, that a summit of European leaders would be needed to trigger the aid mechanism, Reuters reported.
Meanwhile, stock markets in Europe were mixed: France’s CAC 40 was down 0.06% and Germany's DAX shed 0.09%, but the EURO STOXX 50 was up 0.11% and Britain's FTSE 100 gained 0.01%.
Later in the day, the United States was due to publish its federal budget balance, the difference in value between the federal government's income and spending.