Equity markets accumulate positive The hope on Greece saga.
However, we expect volatility and caution, because Greece is nothing recently. It is likely after the initial speculative sentiment to see profit taking and a fall in stock indices.
The European Commission, the European Central Bank (ECB) and International Monetary Fund (IMF) on Tuesday prepared in broad lines of an agreement to end the naprzhenieto in negotiations on Greek reforms and debt.
On Wednesday in the Financial Times said details of the proposals, including the requirement for Greece, achieve a budget surplus of 1 percent of gross domestic product (GDP) this year. This is expected to rise to 3.5% in 2018 and well below the 3% target included in the existing bailout from the EU / IMF for the country.
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