Asian markets cheer Cyprus bailout deal

FXstreet.com (Barcelona) - An agreement between Cyprus, the EU finance ministers and the Troika reached earlier today is being cheered by investors. Japan’s Nikkei Stock Average (+1.69%), South Korea’s Kospi (+1.49%), Hong Kong’s Hang Seng (+0.59%) and India’s Bombay Sensitive (+0.59%) edged higher on Monday, along with most Asian equity indexes and the exception of Mainland China’s Shanghai Composite (-0.12%).

Futures for the German DAX 30 (+1.05%) and the French CAC 40 (+1.65%) are signaling a higher opening ahead of the European session, where investors will price in the Cyprus-Troika deal reached today.