Rising for the third consecutive session, oil prices ended the previous week at the hundred dollar mark, benefiting from improved risk appetite following the latest bail-out plan for Greece. The euro is receiving strong support as a result of the EU deal. The US weekly initial jobless claims totaled 418,000, recording little improvement in the US job market. A survey by the Philadelphia Federal Reserve Bank on manufacturing and the US leading indicators show economic expansion, but at a sluggish pace.

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