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Europe shares up on Greece deal news | Europe shares up on Greece deal news |
(35 minutes later) | |
(Open): Shares in London and other key European markets have risen on news that eurozone leaders have reached a deal on a third bailout for Greece. | (Open): Shares in London and other key European markets have risen on news that eurozone leaders have reached a deal on a third bailout for Greece. |
In the opening minutes, the FTSE 100 gained 0.98%, or 65.34 points, to 6,738.72. Markets in France and Germany rose by 1.9% and 2.9% respectively. | In the opening minutes, the FTSE 100 gained 0.98%, or 65.34 points, to 6,738.72. Markets in France and Germany rose by 1.9% and 2.9% respectively. |
The surge came after European Council President Donald Tusk said a bailout for Greece was "all ready to go". | The surge came after European Council President Donald Tusk said a bailout for Greece was "all ready to go". |
Earlier, shares in Asian markets were mostly up on hopes for a deal. | Earlier, shares in Asian markets were mostly up on hopes for a deal. |
Bank shares also rose, with the euro-area banking indexes up about 1.5%. Deutsche Bank shares were also up 1.5%. | |
The euro, however, was little moved, at $1.110 and 71.55p. | |
Also on the currency markets, the pound rose 0.17% against the euro to €1.3946 and was 0.16% higher against the dollar at $1.5539. | Also on the currency markets, the pound rose 0.17% against the euro to €1.3946 and was 0.16% higher against the dollar at $1.5539. |