FTSE surges ahead of Greek deal deadline

Markets in the UK and across Europe were gaining this morning, with investors optimistic holders of Greek debt will agree to a restructured deal.

The FTSE 100 and major indices across Europe were all rising ahead of tonight's official deadline for acceptance of the latest deal, while a strong run higher in the US overnight also lifted sentiment. By 10:55am, the blue chip index is ahead by 65 points, moving to 5,857, with miners and energy stocks among the biggest climbers. Both the German Dax and French Cac were also sharply higher, with the Dax up 1.7% or 1,116 points, to 6,787, and the Cac ahead 1.7% or 59 points, to 3,451. Investors with around 60% of the Greek bonds eligible for the nation's debt swap have so far indicat...