Bullish Blog

AFP - European stock markets extended strong gains on Thursday following Greece’s approval of austerity measures needed to unlock critical bailout funding and stave off a debt default.

AP - Four days, 480 points.

Reuters - U.S. stocks ended a volatile quarter on Thursday with their biggest four-day rally since September as positive economic data and a temporary resolution of Greece’s debt crisis indicated further gains in July.

AP - Shares in Chinese auto and battery maker BYD Co. jumped 41 percent in their debut on the Shenzhen Stock Exchange on Thursday, despite news that the company’s profit fell by 84 percent in the first quarter.

AP - Global stocks pushed higher once again on Thursday as Greece looked likely to clear the final hurdle required to get bailout cash needed to avert a potential debt default next month.

Reuters - The London Stock Exchange’s C$3.6 billion ($3.7 billion) plan to buy its Toronto counterpart collapsed on Wednesday in the face of a competing bid led by Canadian banks, leaving the UK exchange itself vulnerable to takeover. The failure, which follows Singapore Exchange Ltd.’s scuttled bid for Australia’s ASX Ltd, is the latest sign of nationalist pride frustrating cross-border deals for highly symbolic capital markets.

Reuters - The London Stock Exchange’s C$3.6 billion ($3.7 billion) plan to buy its Toronto counterpart collapsed on Wednesday in the face of a competing bid led by Canadian banks, leaving the UK exchange itself vulnerable to takeover.

Reuters - When Canada’s big banks and pension funds needed sizzle to combat the steak offered by the London Stock Exchange’s bid for the Toronto Stock Exchange, they looked only as far as the Canadian flag.

AP - GREECE: Greek lawmakers passed an austerity bill that brought the country closer to getting a financial backstop it needs to avoid defaulting on its debt. The loan buys Greece and other European countries more time to repair their budgets.

AP - Stocks closed higher for the third day in a row Wednesday after Greece cleared a hurdle toward getting more emergency loans. Financial stocks rose after Bank of America reached a settlement with investors over failed mortgage securities.