European markets called slightly higher on Greek debt talks

European markets are expected to open slightly higher Monday morning, as optimism grows over negotiations between Greece and the rest of the euro zone over its debts.

Greece has dominated European markets in the past couple of weeks, after the election of a new anti-austerity government who have taken a harder line on negotiations over how to repay debts incurred as part of its bailout. The Eurogroup meeting of euro zone finance ministers in Brussels on Monday is expected to be a key part of these negotiations.

There has also been a ceasefire in most of Ukraine, where military conflict with Russian separatists has been one of the biggest factors weighing on markets in recent months. However, some of the rebels have not observed the new truce, according to reports.

In Asian trading, Japanese shares hit an eight-year high on Monday, despite disappointing figures for Japan’s economic growth.

US markets are closed on Monday for Presidents’ Day.

Major European companies reporting on Monday include Swiss pharmaceutical company Actelion and U.K. property group Hammerson.

 Varchev Traders

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