BlackRock's Koesterich says expects Greeks to approve referendum


  • World
  • Friday, 03 Jul 2015

A vendor sits outside his shop as he waits for clients in Athens, Greece, July 2, 2015. REUTERS/Christian Hartmann

BOSTON (Reuters) - Greek voters will likely approve a bailout offer from creditors in a referendum set for Sunday, said a top strategist for BlackRock Inc , the world's largest asset manager.

In a telephone interview on Thursday, Russ Koesterich, BlackRock global chief investment strategist, said he expected "some type of knee-jerk relief rally" as a result of the referendum even though markets have already priced in anticipation by most investors of a "yes" vote on the bailout.

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