Japan's benchmark Nikkei stock index renewed a fresh 15-year high. The Nikkei stock value has reached its highest level over the past 15 years on hopes that Athens could reach a cash-for-reforms deal with its international creditors. As it became known, there are good reasons for a successful solution of the problem. According to some reports, even the US Presidential Executive Office administration has been trying to persuade Germany and other EU countries to settle the dispute with Greece for several months. At the same time, economic considerations are front and center. In addition, the Greek Prime Minister Alexis Tsipras' visit to Russia gingers up the discussion that Moscow is ready to render a large-scale financial assistance to Athens. Successful completion of the negotiation process inspires hope to market participants worldwide. The Japanese index Nikkei 225 gained 1% and reached 20,677,58, its the highest level since April 2000. The US currency is stable, and this fact satisfies Japanese companies specializing in exports. The US dollar traded at 123.38 yens for a greenback. Another major economy, on the contrary, has shown the worst performance since 2008. The Chinese index Shanghai Composite dropped by 1.4% to the level of 4,416,12. Importantly, the Bank of Japan's officials expect a runoff in the industrial output for the first time over a period of three quarters for April-June due to weak demand in Asia. From January to May, the figure rose by 1.5% from the prior quarter. Such dynamics is indicative of growth acceleration in the world's third economy.
