To judge how well equipped the eurozone is to survive a Greek exit, look no further than the bond market.

Iraq will be foremost in investors’ minds as oil price risk has returned to markets, complicating the task for central banks whose policies are beginning to diverge for the first time since the global financial crisis.

Michael Phelps has won his third gold medal as the USA won the men's 4x200m freestyle relay final in dramatic circumstances tonight.