Markets rally as `Trump effect` returns, but Greek bailout fears mount - as it happened
(The Guardian Greece)

All the day´s economic and financial news, as shares push higher following Donald Trump´s meeting with Japanese PM Shinzo Abe EC raises growth forecastsGreek worries abound despite upbeat EU Markets push higher after Trump-Abe summitAnalysts: Trump must deliver on tax promisesThe agenda: New EU forecasts coming up 5.43pm GMT The return of the Trump trade - the boost to markets following the US presidential election - and upbeat economic forecasts from the European Commission combined to lift share prices on the first trading day of a busy week.Trump´s positive meeting with Japanese prime minister Shinzo Abe over the weekend sent Asian markets higher, and the upbeat mood continued elsewhere. The final scores showed: 4.27pm GMT Back with Greece, and Fitch has said its current CCC junk credit rating depends on the country´s creditors open the door to further funding before July.The agency said: `Our sovereign credit assessment is underpinned by our assumption that the second review of Greece´s third bailout programme will be completed well ahead of July, maintaining access to official funding.` 4.09pm GMT Dow now barely 600 pts off 21k. I trust someone is manufacturing some Dow 21k hats...might not be that long 4.03pm GMT Jasper Lawler, senior market analyst at London Capital Group, pointed to another possible reason for the continuing strength of the US market:Investors are pricing in the benefits of a Goldman Sachs-led Treasury Department. Steve Mnuchin [who spent 17 years at the investment bank] is in the final hours of his confirmation as Treasury secretary. He is expected to be confirmed around 7pm EST Monday. Donald Trump´s agenda of financial deregulation will likely have another supporter in the form Mnuchin. Mnuchin and Gary Cohn will be a more `internationalist´ influence on Trump, potentially putting a lid the President´s penchant for currency wars and trade tariffs.The benefit to Wall Street of having an ex-Goldman Sachs banker as Treasury Secretary is ...