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Europe suffers but world markets enjoy great week despite Greek blues

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Europe suffers but world markets enjoy great week despite Greek blues

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For the global markets this was the best week since April, but we head into the weekend with Greece again casting a gloomy shadow over Europe.

In thin trading values tipped into the negative as fears there might be no deal with Athens grew. The market there spooked and lost nearly 6% after putting on more than 8% on Thursday.

For the rest of the world however it amounted to a damp squib, either because a Greek tragedy has already been factored in, or global markets are happy with growth elsewhere and don’t think Greece can blow the world economy off course.

There are also plenty of traders who still believe a deal will be done and pressure on the euro will dissipate. There will be plenty of people hoping they are right.