Global stocks, commodities and the euro continued to ride a wave of optimism that a second bail-out package for Greece would be agreed at a meeting of eurozone finance ministers.
Market bulls were further encouraged by a policy easing move announced by China over the weekend, although overall volumes were kept low by the Presidents’ Day holiday in the US.
While hopes were high that Athens would avoid a messy default when a €14.4bn bond redemption falls due in a month’s time, few in the markets believed that any rescue deal would mark the end of the saga.
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