FTSE rallies as Greek deal agreed after 17-hour talks

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

After a weekend during which talks frequently appeared close to breaking down, Belgian prime minister Charles Michel signalled an accord had been reached at 7:45 BST via a short message on social media. The agreement, which would curtail prospects of a Greek exit from the eurozone once more, was then confirmed by European Council president Donald Tusk. This prompted a 0.9% rise at the open for the FTSE 100 to 6,735, building on gains made at the end of last week, while European equities also rallied and peripheral European sovereign bond spreads tightened as risk appetite improved. ...