Hopes were rising in Brussels that an unlikely deal with the UK over the EU's long-term budget was taking shape, although the chief negotiator was trying to resolve a deluge of last-minute complaints from other countries on the eve of what could be a gruelling summit.
The cautious optimism about the UK represents a significant shift, reports the Financial Times. David Cameron, the prime minister, was seen as the biggest obstacle to a deal on the budget, which will...
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Multi-asset managers have started reinvesting their high cash positions, with many topping up European exposure as Greece finally reaches a new deal with its creditors.
The bond market faces "strong headwinds" for some time as summer volatility returns and markets anticipate interest rate hikes, according to Invesco Perpetual's fixed income team.
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