Countdown to the Greek Deal Begins

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With all eyes fixed on the European finance ministers meeting scheduled later today, market participants expect Eurozone leaders to approve the €130 billion Greek bailout package. Additionally, the monetary policy easing step taken by the Chinese central bank has further helped high yield currencies to gain traction. With a US holiday today and little in terms of economic releases in Europe, markets are likely to takes cues from news on Greece and the scheduled bond auctions in Europe.

At home, data released earlier today indicated that house prices for February posted the biggest monthly rise since April 2002.

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Countdown to the Greek Deal Begins

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