Global markets rallied today with President Putin announcing a ceasefire in the Ukraine conflict. The ceasefire which will commence on Sunday will also see a reduction in heavy weapons from the front line and has been hailed as a victory for diplomacy against the stark contrast of the US arming the Ukrainian military. European markets are presently trading up 30 points having taken in a needed boost ahead of next week’s deadline on a re-negotiated Greek bailout deal being struck.