Leading index in positive territory with late surge after Greek reportsAfter four days of decline, leading shares finally staged something of a revival, helped by late talk of a possible breakthrough in the Greek crisis.The FTSE 100 finished 76.47 points or 1.13% at 6830.27, with banks and supermarkets among the leading risers. The index was in positive territory for most of the day but received a boost near the close of trading on reports that Germany was prepared to go ahead with releasing bailout funds to Greece if the Syriza government committed to just one reform up front.We’ve seen a welcome respite for European stock markets today after several days of declines, despite continued moves higher in bond yields.It would appear that after several days of drifting lower we’ve seen some signs of tentative bargain hunting, given that stocks have been trading near multi week lows, with some well received trading updates also helping boost sentiment. Continue reading...
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