Jenny Cosgrave is a staff writer at CNBC.com covering asset management, economics, markets and wealth. Previously she worked as a correspondent for Investment Week, covering the U.K. asset management industry.
Follow Jenny Cosgrave on Twitter @jenny_cosgrave
The prospect of a sanction-free Iran is a "generational" foreign investment opportunity according to investors, who have seen interest in the region surge in recent months.
After weeks of volatility in China and the threat of Greece being pushed out of the euro zone, asset managers hiked their cash holdings to levels not seen since 2008.
One of the key terms of Greece's 86 billion euro ($95 billion) reform-for-aid package secured Monday is its privatization "trust" fund into which Athens will transfer some 50 billion euros worth of its assets.
As Greece has finally reached an initial deal with creditors, focus can return to the timing of a Federal Reserve interest rate rise according to asset managers.
U.S. government debt prices came under more pressure on Friday after Janet Yellen said in a speech that hiking rates this year would be appropriate.
Financial markets around the world surged on Friday after Greece tabled a fresh package of reforms to creditors, with investors optimistic the new plan could finally spell the end of its dramatic stand-off with lenders.
U.S. stock index futures pointed to a sharply higher open on Friday as markets cheered the latest developments in the Greek saga.
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