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    MORNING BELL: Euro gains on rising hopes of Greek debt deal

    The euro gained against the U.S. dollar on Tuesday on rising hopes that Greece will find common ground with its euro zone partners for support beyond its current bailout program. Athens rejected a proposal to request a six-month extension of its international bailout on Monday as "unacceptable." The euro zone single currency was also helped by a German ZEW survey that showed analyst and investor sentiment rose in February to its highest in a year. Greece also intends to ask for an extension of its loan agreement with the euro zone on Wednesday, a source in Brussels said, distinguishing this from the country's full bailout program.

    Sterling fell almost half a percent against the euro on Tuesday, as an afternoon recovery and some signs of greater optimism around the UK economy failed to offset a robust performance by the euro.

    Gold and silver fell to six-week lows, while platinum fell to the lowest since 2009, on signs that Greek banks will continue to get emergency funding despite a breakdown in debt talks between their government and euro zone partners.

     

     


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