Markets across the globe have rallied after it emerged that last-minute concessions by Greek Prime Minister Alexis Tsipras could bring about a deal between Greece and its international creditors.
Stocks in Europe and Asia rose around one percent.
Greeks propose much harsher austerity deal in desperate bid to avoid #Grexit. izzyfraser has the latest updates http://t.co/yZ91erxwVH— Telegraph Finance (TeleFinance) July 10, 2015
Across the eurozone Germany’s DAX is up over 1.7% in Paris the CAC 40 and Spain’s IBEX above 2%. Italy’s FTSE MIB is also up nearly 2%.
Greece has requested €53.5bn to help cover its debts until 2018 and has pledged new tax rises in return.
The French believe that a deal is close.
Stock markets are all rising this morning.
4 things you need to know:
http://t.co/f5CA22rPgA pic.twitter.com/1drVJjjtpm— CNNMoney (@CNNMoney) July 10, 2015
Traders are optimistic that latest plan to find a solution has given investors a much needed whiff of optimism ahe