Stock markets powered to their best performance for more than three months while the euro bounced the most in a fortnight as investors bet Greece would seal a deal with private bondholders.
Not even a marginally more hawkish tone from European Central Bank president Mario Draghi at the bank’s rate-setting meeting and mildly disappointing US jobs data could stem a positive session for risk appetite.
“Sentiment was firming as the markets travelled in hope as regards Greece’s PSI deal,” said Richard McGuire of Rabobank.
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