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*
Greece won conditional agreement to receive a possible $95
billion over three years, along with an assurance that euro zone
finance ministers would start discussing ways to bridge a
funding gap until a bailout – subject to parliamentary approvals
– is finally ready.
* That will only happen if Greek Prime Minister Alexis Tsipras
can meet a tight timetable for enacting unpopular reforms of
value added tax, pensions and quasi-automatic budget cuts.
* Hopes of a deal helped U.S. markets close higher on Friday.
But indexes finished off their highs after Federal Reserve Chair
Janet Yellen said she expected the central bank to raise
interest rates at some point this year, while expressing concern
that the country's labor market remained weak.
* Investors have long expected a rate hike in 2015, though
opinions have been split on whether it would come in September
or December. Yellen gave no direct hint about whether the Fed
would raise rates more than once over the course of its four
remaining meetings in 2015.
* The Treasury Department is scheduled to issue a monthly budget
report for June at 2 p.m. ET. The department is expected to post
a budget surplus of $51.0 billion compared with a $82.4 billion
deficit reported in May.
* Asian stock markets were higher as Chinese stocks rose for a
third straight session, following their recent rout, and as data
from China showed exports increased while imports slipped in
June, in a tentative sign global demand might be on the mend.
World markets also rose after the Greece deal was announced.
* Fitbit <FIT.N> shares rose 2.4 percent to $43.10 in premarket
trading after Barclays stated coverage of the stock with an
"equal eight" rating.
* Black Hills <BKH.N> rose 1.3 percent to $124.88 a day after
the energy company said it would buy natural gas utility company
SourceGas Holdings for about $1.9 billion.
(Editing by Savio D'Souza)
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