Relief for investors as Greece averts fresh crisis – business live

Greece agrees long awaited deal with eurozone creditors to unlock €8.5bn in emergency bailout funds

Traders at spread-betting firm IG are expecting Europe’s main markets to open higher this morning:

Our European opening calls:$FTSE 7433 +0.19%
$DAX 12718 +0.21%
$CAC 5229 +0.23%$IBEX 10720 +0.19%$MIB 20941 +0.45%

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Investors will be relieved this morning as Greece finally managed to agree a deal with its eurozone creditors last night to unlock €8.5bn of urgently needed bailout funds.

Related: Creditors agree terms to disburse Greece’s €8.5bn bailout funds

Continue reading…

Read full original article »