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Monday June 22, 2015

// June 22nd, 2015 // Daily News

Global markets soar on hopes of Greek deal

CNBC.com
Global markets cheered on Monday, as Greece made a last-ditch offer to its creditors in a desperate effort to avoid defaulting on its debt.
Concerns over Greece have plagued markets for months. The country has warned it would be unable to pay a 1.5-billion-euro ($1.7 billion) bill to the International Monetary Fund (IMF) at the end of the month without further financial aid – something its creditors have refused to release without a firm commitment to additional fiscal reforms.
Over the weekend, however, Greek Prime Minister Alexis Tsipras submitted new proposals ahead of crisis talks in Brussels on Monday with the heads of the bodies overseeing its bailout – the European Commission, European Central Bank and IMF.
Hopes of a deal between the two parties were high, with European equity markets sharply higher on Monday morning. Both the French CAC and German DAX were around 3 percent higher at 10.30 a.m. London time, with the pan-European Stoxx 600 index trading up 1.8 percent.
“The chances for a deal today with Greece look much improved from Friday,” the Societe Generale cross asset research team said in a note Monday. “Sure, any deal now will be quite imperfect, very conditional, short-term and flimsy. But that is the best that can be hoped for.”
Read MoreKey actors to take stake in Greek drama in week ahead
Perhaps unsurprisingly, the Athens stock exchange was the strongest performing index in Europe, trading over 7 percent higher on Monday.
Greek banks, which have been hit especially hard by massive outflows, were the big winners, with Alpha Bank 20 percent higher and Bank of Piraeus up 17 percent. Withdrawals remain in focus, however, after deposit outflows spiked to more than 4 billion euros ($4.5 billion) last week, according to Reuters, and an additional 1 billion euros is expected to be withdrawn on Monday.
Yields on euro zone government bonds also moved broadly lower, meanwhile. The yield on 10-year Greek sovereign debt had fallen from 12.5 percent to just over 11 percent by 10.30 a.m. London time.
Across the Atlantic, meanwhile, American investors also appeared to be in an optimistic mood. U.S. equity futures indicated a higher open, with the Dow Jones Industrial Average looking set to open over 130 points higher.

Today’s Inspiration

Don’t Let Your Emotions Vote

by Joyce Meyer – posted June 22, 2015

Do not be misled, my beloved brethren.
—James 1:16

If we desire to walk after the Spirit, all our actions must be governed by God’s principles. In the realm of the Spirit, there is a precise standard of right and wrong, and how we feel does not alter that standard.

If doing the right thing requires a “yes” from us, then it must be “yes” whether we feel excited or discouraged. If it is “no,” then it is “no.” A principled life is enormously different from an emotional life. When an emotional person feels thrilled or happy, he may undertake what he ordinarily would not do. But when he feels cold and emotionless or melancholy, he will not fulfill his duty, because his feelings refuse to cooperate.

All who desire to be truly spiritual must conduct themselves daily according to godly principles. A good sign to show you’re growing and maturing in Christ is when you consistently obey, even when you don’t feel like it.

Learn not to ask yourself how you feel about things, but instead ask yourself if doing or not doing something is right for you. You may know that you need to do something, but you don’t feel like doing it at all. You can wish you felt like it, but wishing does no good. You must live by principle and simply choose to do what you know is right. There may be a certain thing you want to do badly. It might be a purchase you want to make that you know is too expensive. Your feelings vote “yes,” but your heart says “no.” Tell your feelings they don’t get to vote. They are too immature to vote and will never vote for what is best for you in the long run.

We don’t allow people to vote in political elections until they are eighteen, because we assume they would be too immature to know what they are doing. Why not look at your emotions the same way?

They have always been a part of you, but they are very immature. They are without wisdom and cannot be trusted to do the right thing, so just don’t let them vote. We mature but our emotions don’t, and if they are left unchecked, our lives will be a series of unfinished and disappointing ventures.

Trust in Him Pray and ask God to help you trust Him more than you trust your emotions.