Economics
Greece Syriza Win Puts Question Mark on Europe Stocks After Jump
Investors Will Think Twice About the Franc: Nomura
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While European investors entered the week with one of their biggest anxieties confirmed, shares extended a seven-year high as optimism over central-bank stimulus prevailed over concerns about an opposition-party win in Greece.
Prime Minister-elect Alexis Tsipras forged an anti-austerity coalition with the Independent Greeks hours after defeating Prime Minister Antonis Samaras’s New Democracy in the Sunday election, putting the future of the nation’s austerity programs in doubt. Even so, the Stoxx Europe 600 Index rose for an eighth day, while shares in Athens pared a decline that earlier exceeded 5 percent.