Author: StockMarketNews.Today

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Greece stocks were lower after the close on Monday. Greece stock market lower at close of trade; Athens General Composite down 1.24%,

StockMarketNews.Today – Greece stocks were lower after the close on Monday, as losses in the Construction, Telecoms and Travel sectors led shares lower.

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Investors were greeted by a sea of red across global equities markets Monday, as U.S. and European stocks fell following a slump in Asia at the start of a crunch week for global trade. Political risks sent the dollar higher with Treasuries, roiling emerging markets.

“Trade and tariff tensions continued to weigh on global equities as well as emerging market currencies,” John Stoltzfus, the chief investment strategist at Oppenheimer & Co., wrote in a note to clients Monday. “This is likely to persist particularly as the July 6 deadline looms for the Trump Administration’s planned imposition of tariffs.”

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Novartis chairman says Alcon worth $20 billion-$30 billion. The Basel-based company will also repurchase up to $5 billion in shares through the end of next year.

ZURICH (Reuters) – The chairman of Swiss drugmaker Novartis (NOVN.S) expects Alcon to be valued at between $20 billion and $30 billion when the opthalmic devices unit is spun off to shareholders next year, he said in an interview with Finanz und Wirtschaft.