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EU officials note progress in Greek bailout talks, deal possible next week

BRUSSELS/ATHENS (Reuters) – Greece is on track to complete a draft deal on a third bailout by Tuesday and possibly get a first disbursement by Aug. 20 to meet a key payment, sources familiar with a conference call of senior EU finance officials late on Friday said. Athens is negotiating with European Union institutions and the International Monetary Fund for up to 86 billion euros ($94 billion) in fresh loans

EU officials note progress in Greek bailout talks, deal possible next week

BRUSSELS/ATHENS (Reuters) – Greece is on track to complete a draft deal on a third bailout by Tuesday and possibly get a first disbursement by Aug. 20 to meet a key payment, sources familiar with a conference call of senior EU finance officials late on Friday said. Athens is negotiating with European Union institutions and the International Monetary Fund for up to 86 billion euros ($94 billion) in fresh loans

Focus on Fed, euro zone's economic health

The search for clues to whether the Federal Reserve will raise U.S. interest rates in September for the first time in nearly a decade is set to intensify next week. “Because this report was not extraordinarily strong, it was simply in line with expectations, that leaves the markets having to look toward other data,” said Paul Christopher, head global market strategist at Wells Fargo Investment Institute in St. Louis. July