European equities are expected to open lower higher Monday ahead of crucial meetings of euro zone leaders and finance ministers to discuss a new reforms offered by Greece to its creditors.
The FTSE is seen opening up 8 points at 6,718, the German DAX 74 points higher at 11,114 and the French CAC up 19 points at 4,834. Asian equities were mostly higher early Monday and European stocks looked set to follow suit as investors hoped a compromise could be found in Greece’s debt talks with its creditors.
On Sunday, Greek Prime Minister Alexis Tsipras presented a new reforms package to its international creditors, in what appears to be a last-ditch effort to avoid a debt default. Greece must pay the International Monetary Fund, of the country’s senior creditors, a repayment of 1.5 billion euros on June 30.