For the week ended 27 February 2015
- US GDP growth revised down to 2.2% for fourth quarter
- US service sector expands, home prices rise, and confidence falls
- Greece receives four-month bailout extension
- Eurozone sentiment rises
Global economic data turned brighter this week, driving stocks higher. Greece and its creditors agreed to a four-month extension on its financial lifeline, settling immediate concerns of a “Grexit” from the eurozone.