Asian markets jumped overnight after the 'pro-bailout party took a narrow win in Greece's elections, but European indices saw an early rally disappear as Spanish bond yields spiked again.
The Greek election, seen by many as a vote on the euro, was narrowly won by New Democracy, led by Antonis Samaras. He will now be given the opportunity to try to form a coalition government. Samaras said "the Greek people voted today to stay on the European course and remain in the eurozone". "There will be no more adventures. Greece's place in Europe will not be put in doubt," he added, promising Athens would "honour its obligations". The anti-bailout Syriza party, which came a close second, said it would lead the opposition. With more than 99% of votes counted, interior minis...
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