FTSE on the rise after Dow posts triple digit gain

Global market sentiment is optimistic the Greek parliament will today vote through the government's five-year austerity package, in a move which will allow the country to receive another tranche of bailout money. Despite widespread protests and riots across the country, Greek politicians are expected to push the plan of tax rises and pension reforms through. Markets reacted favourably as a result, with the Dow Jones posting its best day of trading for two months, notching up a triple digit gain of 145 points, or 1.21%, to 12,188. The market was also boosted by the first house price...