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Markets rise as whiff of Greek debt deal cheers investors

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Markets rise as whiff of Greek debt deal cheers investors

Markets rise as whiff of Greek debt deal cheers investors
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Markets across the globe rallied after it emerged that last-minute concessions by Greek Prime Minister Alexis Tsipras could bring about a deal between Greece and its international creditors.

Stocks rose in Europe and Asia.

Across the eurozone the German DAX closed 2.9 percent up, in Paris the CAC 40 followed suit over 3 percent up, likewise Madrid.

Greece has requested €53.5bn to help cover its debts until 2018 and has pledged new tax rises in return, the French believe that a deal is close.

Traders believe the latest plan to find a solution has given investors a much needed whiff of optimism ahead of Sunday’s deadline.