Greek talks keep market edgy

Greek talks keep market edgy. Global shares hit their highest since September and the euro firmed on Monday with investors cautiously optimistic that euro zone finance ministers would reach a funding deal for debt-laden Greece. There is an underlying view that there has to be a resolution, not least because Greece apparently has little or no bargaining power, said John Bilton, head of the global multi-asset strategy team at JPMorgan Asset Management. The MSCI all-country world stocks index, which has risen in recent days on hopes for a Greek deal and a ceasefire in Ukraine, touched its highest since Sept. 22. Tokyo's Nikkei closed at its highest since July 2007, buoyed by a record close on Friday in the U.S. S&P 500 index and after data showed Japan emerged from recession in the final quarter of 2014, although its 0.6 percent growth was less than forecast. U.S. financial markets were closed on Monday for the Presidents' Day holiday. Full article via Reuters: (VIEW LINK)


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