Greece has been given a 4-month grace but a compromise with Euro zone's hardliners will probably be still a struggle. Meanwhile, Europe sees a pickup in purchasing activity.

Japan's 15-year high may still have more legs to go but the conclusion is that markets are trading on "money flows" rather than "fundamentals".

<p>Greece has been given a 4-month grace but a compromise with Euro zone's hardliners will probably be still a struggle. Meanwhile, Europe sees a pickup in purchasing activity.<br><br>Japan's 15-year high may still have more legs to go but the conclusion is that markets are trading on "money flows" rather than "fundamentals".</p>

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