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Thursday, June 30, 2011

GLOBAL MARKETS: European Stocks Expected To Start Positively

- European stocks to start up; positive momentum continues

- Second Greek parliamentary vote expected

- Euro higher versus dollar, but for how long?

By Andrea Tryphonides

Of DOW JONES NEWSWIRES

LONDON (Dow Jones)--European stocks are expected to start positively Thursday and the euro has extended gains versus the dollar amid strong relief following Greece's passage of its austerity bill.

Mitul Kotecha, global head of foreign-exchange strategy at Credit Agricole Corporate Investment Bank, said equity volatility following the passing of the Greek vote Wednesday was notably reduced.

But Kotecha warned, "Nonetheless, sentiment is likely to remain fickle and we ...



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