Scoreboard: Greek hope

European sharemarkets rallied as the Greek government backpedalled on demands, while Wall Street surged as rising oil prices helped lift energy shares.

In US economic data factory orders fell 3.4 per cent in December -- the fifth consecutive fall. US home prices rose 5 per cent in December compared with a year ago according to CoreLogic. Home prices are still 13.4 per cent below the peak reached in April 2006.  

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