NEW YORK: World equity prices climbed yesterday as investors welcomed a conditional agreement to open talks aimed at keeping Greece afloat with a bailout and within the eurozone.
European equities jumped almost 2 percent while Wall Street gained about 1 percent after eurozone leaders made Greece surrender much of its sovereignty to outside supervision in return for agreeing to talks on an €86bn bailout.
Investors remained anxious that a deal was not entirely in hand and that international lenders, led by Germany, obliged leftist Prime Minister Alexis Tsipras to abandon his promises of ending austerity.
“This is not over yet. In fact it might be far from over,” said Anthony Lawler, a portfolio manager who invests in hedge funds at investment firm GAM in London.Reuters
