The FTSE 100 has risen 1.3% in morning trading as risk appetite continues to approve ahead of the pivotal Eurogroup summit on Greece this weekend.
The Dow Jones fell to a five-month low last night, with traders having earlier been rattled by a four-hour long suspension of the New York Stock Exchange.
The Greek government has been given a final chance to avoid default and an exit from the euro as eurozone creditors have urged new finance minister Euclid Tsakalotos to present new proposals.
The FTSE 100 has fallen again on news of Greek voters' decisive referendum rejection of creditors' demands - but the resignation of Athens' finance minister Yanis Varoufakis has helped stem losses.
An overheated exchange
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The FTSE 100 has made back some of its heavy June losses after a leaked report suggested Greece is ready to back down in negotiations with its creditors.
The FTSE 100 has opened lower once again after US markets suffered their worst one day drop so far this year on continued concerns over a Greek default.
Wealth managers are being trapped in the tricky position of responding to nervous clients' demands to hike cash weightings in portfolios, while at the same time trying to meet their growing income requirements.
Four new unknowns after Greece’s dramatic weekend
Risk assets have regained some ground but equities remain deep in the red after a tumultuous weekend in Greece saw it impose capital controls after calling a surprise referendum over creditors' final bailout demands.
The unresolved Greek debt crisis has put renewed pressure on the FTSE 100 this morning, negating the effects of the rally in supermarkets stocks on back of Tesco's Q1 results.
LGIM multi-asset fund manager Justin Onuekwusi has upped his cash weightings to their highest ever levels, on fears that tighter US monetary policy will prompt greater market volatility.
The FTSE 100 has opened another 0.1% higher after investors grow more optimistic that a deal to stop Greece defaulting on its debt will be struck in the coming days.
Crux Asset Management's Richard Pease speaks to Lawrence Gosling about the challenges facing small fund groups, European equities, Greece, and the naming of his new firm.
The FTSE 100 has opened 1.3% higher as investors hope that newly-submitted Greek bailout proposals will be enough to stave off latest default fears.
New Zealand's finance minister, Bill English, has warned a Greek default or exit from the eurozone would present different challenges to the global financial system than those faced during the Lehman Brothers crisis of 2008.
Sterling jumped 0.6% against the US dollar this morning, on the news wages in the UK grew at their fastest rate since 2001 in the three months to the end of April.
The FTSE 100 has fallen to a five-month low in early trading as investors continue to worry about the resolution of latest Greek debt talks.
The FTSE 100 has opened 0.5% lower, with European stocks deeper in the red, after Greece's bailout talks with creditors broke down overnight.
As the Greek government once again fails to make a breakthrough in its negotiations with the IMF and EU, Barry Norris, founding partner at Argonaut Capital, argues it is time to let Greece go, especially as a 'Grexit' is much more manageable now
The FTSE 100 has reversed gains made earlier this week after the International Monetary Fund (IMF) walked out of bailout talks with Greece.
Kames Capital's Phil Milburn has put over 10% of his Strategic Bond fund in high yield index protection, in the belief investors are too complacent about the risk of Greece leaving the eurozone.