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UK 100 called to open +40pts after Greece helped Asian markets kick off the week on a positive note thanks to its Parliament voting, despite violent protests, in favour of the tough but necessary austerity measures required by lenders (EU, IMF, ECB) if it is to secure its second bailout and steer the economy away…
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UK 100 called to open -20pts after US markets continued to struggle for traction, posting more muted gains as investors maintained wait-and-see attitude to Greece with deal struck with lenders about what needs to be done, but fears among traders and politicians alike over implementation of pledges. Next deadline set by Eurozone finance ministers (the lenders) is…
UK 100 +10pts after modest gains in US markets fuelled by optimism some sort of agreement would emerge from Greece and investors expected announcement from Greek PM. As has been the case several times, nothing came to fruition and low trading volumes suggested lots of market participants playing wait-and-see before jumping in, and ahead of…
The UK 100 was flat as further delays to Greek debt restructuring created more confidence sapping uncertainty – but the talk of the market was the agreed $90bn (£56bn) merger of Glencore and Xstrata. After rejecting a newly proposed bailout deal which demands stricter labour reforms and other austerity steps, Greek leaders will meet again…