Investment market update
This bulletin provides you with an overview of the latest market news from around the world – world markets, key headlines, stocks and market data.
After extensive discussions between Eurozone leaders overnight, it appears that a deal has been agreed this morning over Greece’s ongoing debt crisis.
Global markets advanced on Friday as anticipation rose over a Greek deal which was agreed this morning.
It appears that Eurozone leaders have reached an agreement after talks lasting more than 16 hours over a third bailout for Greece, officials say. EU President Donald Tusk said the agreement was unanimous. He tweeted that a bailout programme was “all ready to go” for Greece, “with serious reforms and financial support”. Details of any agreement were not immediately clear.
Barclays Plc Chairman John McFarlane is considering an acquisition to help adjust faster to rules requiring banks to separate consumer operations from riskier trading units, a person with knowledge of the matter said. Under McFarlane, who assumed the role of acting chief executive officer after firing Antony Jenkins last week, Barclays is looking into buying an entity with a banking license to help meet the ring-fencing rules.
Apple Inc. climbed 2.7% to halt a five-session slide and pace gains among technology shares.
Citigroup Inc. and JPMorgan Chase & Co. increased at least 1.4% as banks gained for a second day.
American Airlines Group Inc. jumped 3.9% the carrier trimmed domestic growth plans this year.
InterContinental Hotels Group Plc rose 3.1% after agreeing to sell the InterContinental Hong Kong for $938 million.
Vodafone Group Plc posted its third day of gains, adding 2.5%.