EUR
Eurozone leaders have finally reached an agreement after marathon talks over a
third bailout for Greece, officials say. EU President Donald Tusk said the
agreement was unanimous. He tweeted that a bailout programme was “all
ready to go” for Greece, “with serious reforms and financial
support”.

European Commission head Jean-Claude Juncker stated “There will not be a
Grexit” referring to the fear that Greece would have to leave the

EUR
Eurozone leaders have finally reached an agreement after marathon talks over a
third bailout for Greece, officials say. EU President Donald Tusk said the
agreement was unanimous. He tweeted that a bailout programme was “all
ready to go” for Greece, “with serious reforms and financial
support”.

European Commission head Jean-Claude Juncker stated “There will not be a
Grexit” referring to the fear that Greece would have to leave the
euro. Greece is expected to pass reforms demanded by the Eurozone by
Wednesday. Parliaments in several Eurozone states also have to approve any
new bailout.

USD
Federal Reserve chairwoman Janet Yellen has repeated her view that the central
bank is likely to start raising interest rates this year. Recent weak
economic data and a call from the International Monetary Fund to delay a rise
until 2016 had dampened expectations of a 2015 increase.

However she said in a speech that it would be appropriate to start
“normalising” monetary policy this year. Ms Yellen
did express caution, saying the jobs market must improve. She
expected the economy to grow steadily for the remainder of the year, and that
would at least allow the Fed to move ahead with its first rate hike since
late-2008.

 Key Announcements

There are no key announcements today