Sentiment Lifted as ECB Raised Greece’s ELA Cap, EU Granted Bridge Funding

ECB’s decision to lift the ELA ceiling on Greece and Euroarea Finance Ministers’ agreement to grant the debt-ridden nation 7B euro of bridge loan lifted sentiment. Wall Street climbed higher with the DJIA and the S&P 500 indices adding +0.39% and +0.8% respectively. Eurozone’s Stoxx 600 soared +1.3% to the highest level in 6 weeks. USD strengthened as firm economic data reinforced rate hike speculations.

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Sentiment Lifted as ECB Raised Greece’s ELA Cap, EU Granted Bridge Funding