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The monetary backdrop remains favourable for investors in the advanced world, reinforced by some better news about the underlying economies.
The markets will enjoy a respite from bad headlines and talk of showdowns, but later this year there will need to be a longer term agreement. By then the rest of the zone will also be able to see whether the new Greek government is delivering on its revenue and spending budgets which could prove difficult.
ITV shareholders are set to receive another Downton dividend. The TV channel’s continued success has result in management declaring a £250m special payment, worth 6.25p a share.
India’s central bank lowered its policy interest rate by 25 basis points to 7.5% in an unscheduled meeting on Wednesday, citing a faster-than-expected reduction in inflationary pressures in...