This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-33504545
The article has changed 8 times. There is an RSS feed of changes available.
Version 1 | Version 2 |
---|---|
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%, while the biggest winner on Frankfurt's main index was shares and securities trader Deutsche Boerse, up 2.9%. | |
However, the euro fell slightly, down 0.8% against both the dollar and the pound, to buy $1.106 and 71.2p respectively. | |
Nick Stamenkovic at RIA Capital Markets said: "The relief rally in the euro was short-lived as investors await details of the Greek agreement." | |
Italian and Spanish bond yields fell as investors welcomed the breakthrough in Greek talks, while yields on the German 10-year bund rose by 0.3% to 0.88%. | |
Eurozone leaders have said that so far, a blueprint for a Greek debt deal has been agreed, with European countries' parliamentary approval processes beginning from Wednesday. |