After month long closure, Greek markets are set to open this week, most probably tomorrow as the government has sought permission and advice of European Central Bank (ECB) over the matter.

Athens stock exchange has remained closed since June 29th and this week it will be opening for trading once more with some capital restriction.

T ension is high over how markets will react after the opening and whether investors will be dumping shares and depart with the money. This might create trouble for Greece.



Moreover, uncertainty also remains in the market over the capital control discrimination. As of now, foreign investors are free to pour and withdraw money from exchanges, whereas capital control is imposed on locals. This might create high domestic tensions.

Whatever be the outcome, volatility is likely to persist in Greek markets as lots of ups and downs are expected before final deal gets sealed.

Greece and Troika team are beginning talks this week and both parties are targeting to reach an agreement by mid of August.

Euro is currently trading at 1.107 against dollar, focused on FOMC today.