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 FTSE 100 has fallen to a five-month low in early trading as investors continue to worry about the resolution of latest Greek debt talks.
As the Greek government once again fails to make a breakthrough in its negotiations with the IMF and EU, Barry Norris, founding partner at Argonaut Capital, argues it is time to let Greece go, especially as a 'Grexit' is much more manageable now
Kames Capital's Phil Milburn has put over 10% of his Strategic Bond fund in high yield index protection, in the belief investors are too complacent about the risk of Greece leaving the eurozone.
Greece has missed its scheduled payment to the International Monetary Fund (IMF), announcing it will bundle debt due into a single figure at the end of the month instead.
The International Monetary Fund has urged policymakers in the US to delay hiking interest rates or face a further bout of "financial instability".
Can Mexico be given a clean bill of health?
A stark warning from the IMF, as well as the latest major fund manager departure, have renewed concerns over how strategic bond funds will cope with a spike in yields.
The International Monetary Fund (IMF) has warned global markets could be hit by turmoil worse than the 2013 'taper tantrum' when interest rates rise.
The International Monetary Fund (IMF) has said large funds are not the sole contributors to systemic risk issues and has called for asset managers to be subject to stress tests.