Stock market opens for the first time in 5 weeks

According to various media reports, Greece will take another step away from full-on crisis mode on Monday by opening its stock market for the first time in five weeks, although experts expect immediate heavy losses.

According to Reuters, trading on the Athens bourse was suspended in late June as part of capital controls imposed to stem a debilitating outflow of euros that threatened to collapse Greece's banks and send the indebted country out of the euro zone.

Since then, Athens has agreed a framework bailout plan with its European Union partners in exchange for stiff reforms and budget austerity. But implementation of the deal is still in the afar off, keeping alive political and economic stability concerns.

The reports further states that market players in Greece and elsewhere are expecting stocks to fall sharply when the market opens at 0730 GMT (3:30 a.m. EDT).