Europe Stocks Up as Hermes, Swiss Re Beat Estimates

European stocks rebounded from the biggest drop in two weeks as results from companies including Hermes International SCA and Swiss Re Ltd. beat estimates. U.S. equity-index futures advanced, oil gained from the lowest level in almost four months and the yen strengthened.
Greece Backs Tsipras’s Rejection of Further Austerity
40:14 - Greece voted against yielding to further austerity demanded by creditors, leaving Europe’s leaders to determine if the nation can remain in the euro. In other developments, outspoken Greek Finance Minister Yanis Varoufakis resigned, giving Greece a chance to lower the temperature on its often confrontational interactions with other European countries.
  • Referendum Increases Levels of Uncertainty: Sorrell
  • Easier to Strike Deal With Varoufakis Gone: Pissarides
  • The Way Back for Greece Isn’t Going to Be Smooth: Diebel