greece

European Central Bank president Mario Draghi has joined the ranks of policymakers calling for Greece to be given debt relief as the central bank extends its liquidity lifeline to the country's banks.

Invesco Perpetual's fixed income team have said the sector faces "strong headwinds" for some time as summer volatility returns, and markets anticipate interest rate hikes.

Greek banks could open for the first time in weeks as the nation's parliament passed through the fresh austerity measures required to secure a €86bn bailout package from the eurozone.

Chris Iggo (pictured), CIO fixed income at AXA Investment Managers, discusses the main issues for fixed income investors as Greece reaches a deal with its creditors.

The FTSE 100 has bounced at the open after all-night talks over a new rescue package for Greece eventually yielded a deal.

Three terrible lessons from the Greek crisis

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.