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Stock Market on United States (U.S.) started to squirm in which the three major indexes rose more than one percent amid optimism that Europe will reach an agreement to avoid a default by Greece. The Dow Jones rose 145.13 points, or 1.21 percent to as low as 12,188.69. Then the S & P 500 Index also rose by 16.57 points, or 1.29 percent to 1,296.67, but it also drove the Nasdaq index crept up 1.53 percent or 41.03 points to 2,729.31.

Investors welcomed the reports on the progress of talks on measures to prevent problems of debt crisis of Greece so as not to be the default. Market participants hope that the Greek government will successfully push through measures that are not popular even though a general strike called by unions which led to street clashes in Athens. Chief market strategist with Wells Fargo Technical Advisors, Scott Marcouiller said that the rally was driven by optimism that Greece would come through with passing the savings plan that will be done.

European stocks slumped on Tuesday, ending an eight-session reinforcement in broad decline led by mining and oil stocks, but analysts said the decline is the technical and market uptrend remains intact. Europe’s FTSEurofirst 300 stock index closed 0.5 percent lower at 1,150.81 points, ending a two-week rally that rose about 4 percent.

Around Europe, Britain’s FTSE 100 index rose. 0.2 percent, in the open again after a long holiday weekend, while the French CAC 40 down 0.3 percent. Germany’s DAX index, which has moved into overbought territory last two sessions, fell 0.4 percent. DAX Index is trading at 10.5 times expected earnings, below the index average of 10 years of 13.4, according to Thomson Reuters Datastream. In comparison, Europe’s Stoxx 600 index trading at 10.6 times expected earnings, and the S & P 500 traded at 12.9 times expected earnings ..

30-day rolling correlation between the single currency and the euro zone blue chips index Euro Stoxx 50, which has an average of 20 years of -0.1, peaking at +0.61 weeks ago and looks ready for a reversal.