Shares rise on news of Greek progress

US and European shares rose yesterday as European and IMF inspectors said Greece made progress on its bailout programme.

It helped spur equities to build on gains from the previous session’s rally driven by ECB plans to help borrowers under pressure.

But currency and bond investors strayed from this optimism, as the euro fell against several currencies and erased gains against the dollar, and crude oil prices posted modest gains in choppy trading.