BHP Billiton Rio Tinto and Commonwealth Bank

Commonwealth Bank: As a result the All Ordinaries index added 68 points to 5,671 while the ASX 200 closed up 74 points, or 1.3 per cent, at 5,684, according to Australian Broadcasting Corporation. The local market gains exceeded Wall Street but trailed those of the European markets who have the most at stake in the Greek negotiations. While a final agreement is still far from certain, investors were encouraged by signs that Greece was willing to compromise with its creditors, including concrete proposals to cut spending through new taxes and to raise the Greek retirement age to 67. Not surprisingly, finance stocks posted some of the strongest gains, though all sectors contributed to the market rise. Among the miners BHP Billiton and Rio Tinto each rose around 1 per cent but Fortescue fell 0.9 per cent. The Commonwealth Bank led the major banks by rising 2.1 per cent, though its rivals were not far behind with gains of 1.9 per cent for NAB, 1.8 per cent for Westpac and 1.6 per cent for ANZ. Telstra jumped 1.6 per cent and Qantas added 0.6 per cent, though rival Virgin Australia fell 1.2 per cent. (news.financializer.com). As reported in the news.