All the day’s economic and financial news, as Asian markets bounce back from the recent selloff * Introduction: Market recovery continues * Latvian central banker arrested * Greece gets credit upgrade boost 10.36am GMT GREECE’S BAILOUT IS BACK ON THE AGENDA TODAY. Fitch believes that general government debt sustainability will improve, underpinned by sustained GDP growth, reduced political risks, a record of general government primary surpluses and additional fiscal measures legislated to take effect through 2020. 9.17am GMT REBECCA O’KEEFFE, Head of Investment at INTERACTIVE INVESTOR, sees a “positive” sentiment in the stock markets today as the global rebound continues. Not even the unexpected indictments from Special Counsel Robert Mueller could hold the rally back, as US markets closed higher for the sixth straight session on Friday, resulting in the best week for US equities in five years. The strength of the equity recovery has surprised some, but the weight of money coming out of bond markets is primarily finding its way into equities, which, for the moment at least, look far more attractive than other alternatives. Continue reading...
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