The Traderszone Network

Published in TZ Latest News 13 July, 2015 by The TZ Newswire Staff

Futures surge after Greece reaches rescue deal

* Greece won conditional agreement to receive a possible $95 billion over three years, along with an assurance that euro zone finance ministers would start discussing ways to bridge a funding gap until a bailout – subject to parliamentary approvals – is finally ready. * That will only happen if Greek Prime Minister Alexis Tsipras can meet a tight timetable for enacting unpopular reforms of value added tax, pensions and quasi-automatic budget cuts. Yellen gave no direct hint about whether the Fed would raise rates more than once over the course of its four remaining meetings in 2015.