By Richard Wray and Graeme Wearden
The Guardian
The euro rallied this morning after the eurozone's finance ministers agreed the terms of a €30bn (£26bn) bailout fund for Greece, ahead of a crunch week for the heavily indebted nation.
The European single-currency unit jumped about 1% in early trading to $1.3691 against the US dollar, its highest level in nearly four weeks. It also gained 1% against the Japanese yen and reached nearly 88.5p against the pound, as it clawed back some of its recent losses during the Greek crisis.
The relief spread to global stock markets, which hit an 18-month high. In London, the FTSE 100 broke through the 5800-mark for the first time since June 2008. Financial stocks surged in Athens, with shares in National Bank of Greece jumping by more than 10%....(Remainder here.)
The Guardian
The euro rallied this morning after the eurozone's finance ministers agreed the terms of a €30bn (£26bn) bailout fund for Greece, ahead of a crunch week for the heavily indebted nation.
The European single-currency unit jumped about 1% in early trading to $1.3691 against the US dollar, its highest level in nearly four weeks. It also gained 1% against the Japanese yen and reached nearly 88.5p against the pound, as it clawed back some of its recent losses during the Greek crisis.
The relief spread to global stock markets, which hit an 18-month high. In London, the FTSE 100 broke through the 5800-mark for the first time since June 2008. Financial stocks surged in Athens, with shares in National Bank of Greece jumping by more than 10%....(Remainder here.)
