A Greek minister has resigned over the austerity measures agreed earlier today which were required for debt-laden country to receive a €130bn bailout and avoid default.
Leading fund managers are favouring US equities over markets including China and Europe as the appeal of owning dollar assets helps spark a shift into the world's largest economy.
European banks could seek up to €1trn in extra funding from the European Central Bank's (ECB) emergency funding scheme in the February auction.
Global equity fund managers have been too hesitant in moving to capture the US equity rally, Artemis Global Select manager Simon Edelsten has said.
Bond heavyweights have begun shorting UK gilts ahead of an expected correction, warning yields have reached ‘extreme' lows.