FTSE rally continues on latest Greece optimism

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.

The blue chip index rose to 6,837 this morning, following on from yesterday's 1.7% surge, despite no concrete announcements on a deal to prevent Greece from defaulting on payments next week. The optimism came because both sides of the negotiations - Greek prime minister Alexis Tsipras and eurozone leaders - said progress had been made. It now appears more likely that an agreement will be made before the end of June deadline, putting at least a temporary end to five months of difficult negotiations. German Chancellor Angela Merkel said proposals put forward by the Greek government w...