Greek scene slowly improving: Morgan Stanley-Smith Barney

David Darst of Morgan Stanley Smith Barney feels the Greek situation is beginning to slowly improve.

The US markets closed higher but off their best levels as investors remain cautious over a report that France and Germany have agreed to increase European Union bailout fund. According to Darst, one needs to see a write-down in Greek bonds and debt. He remains cautious over euro debt crisis in the medium and long-term.