Euro Drops as Yen Sees Haven Bid on Greek Rejection of Austerity

The euro dropped to a one-week low against the dollar as Greeks voted against yielding to further austerity, raising the risk of an exit from the currency union. The common currency pared its losses as Finance Minister Yanis Varoufakis’s resignation boosted speculation Greece will reach a deal with its creditors. Sixty-one percent of Greek voters backed the rejection of further spending cuts and tax increases in a referendum, data on...

Gold Turn Up as French and German Leaders Meet

Gold turned higher on Monday as France and Germany told Greece the door was open to negotiations after Greek voters had rejected the terms of a bailout package. Spot goldwas up 0.2 percent at $1,169.25 an ounce by 3:08 p.m. EDT (1908 GMT), while U.S. gold futures settled up $9.70, or 0.8 percent, at $1,173.20 an ounce. Leaders of France and Germany told Greece's government the door for negotiations with creditors remained open but...

Asian Stocks Climb After Rout as Investors Weigh Greece Crisis

Asian stocks rose, with the regional benchmark index rebounding from the biggest drop since February 2014, as investors weighed developments in Greece’s debt crisis before an emergency meeting of European leaders. The MSCI Asia Pacific Index gained 0.4 percent to 144.06 as of 9:02 a.m. in Tokyo after falling 2 percent on Monday. The initial shock waves that hit markets after Greece’s decision to call a referendum on austerity terms dissipated...

Japan Stocks Rise as Greece Aftermath Turns to Ripple on Markets

Japanese stocks rebounded after investors in the U.S. shrugged off the threat of Greece’s rejection of austerity measures. The Topix added 1.1 percent to 1,638.55 as of 9:01 a.m. in Tokyo, after falling 1.9 percent on Monday. The Nikkei 225 Stock Average advanced 1.2 percent to 20,342.51. E-mini futures on the Standard & Poor’s 500 Index rose 0.2 percent after the underlying gauge lost just 0.4 percent on Monday. The Europe Stoxx...

U.S. Stocks Retreat as Greece Scrambles to Avoid a Cash Crunch

U.S. stocks fell, with the Standard & Poor’s 500 Index extending its steepest weekly drop since March, as Greece scrambled to avoid a cash crunch and energy shares tumbled with the price of oil. The S&P 500 slipped 0.4 percent to 2,068.79 at 4 p.m. in New York, after earlier erasing a 0.9 percent drop. The gauge lost 1.2 percent last week. Source: Bloomber...