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 6 Version 7
Europe shares up on Greece deal news Europe shares up on Greece deal news
(about 5 hours later)
(Noon): 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. (Close): 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.
By midday, the FTSE 100 had gained 0.67%, or 45.02 points, to trade at 6,718.40. By the close, the FTSE 100 had gained 0.97%, or 64.57 points, to end at 6,737.95.
France's CAC-40 was up 1.96% to 4,999.33 while Germany's Dax was up 1.4% at 11,472.95. France's CAC-40 closed up 1.94% at 4,998.10 while Germany's Dax ended up 1.49% at 11,484.38.
The rises came after European Council President Donald Tusk said a bailout for Greece was "all ready to go".The rises 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. US stock markets also traded higher early in the session.
Bank shares surged, with the euro-area banking indexes up 2.7%. Deutsche Bank shares were also up 2.7%, while the biggest winner on Frankfurt's main index was shares and securities trader Deutsche Boerse, up 3.4%. Bank and financial shares surged, with Germany's Deutsche Bank shares closing up 3.3%, while the biggest winner on Frankfurt's main index was the stock exchange Deutsche Boerse up 4.38%.
However, after an early spike upwards, the euro fell 0.8% against the dollar to buy $1.1068, and tumbled 1.03% against the pound to buy 71.1p. However, after an early spike upwards, the euro fell 1.19% against the dollar to buy $1.1024, and tumbled 1.18% against the pound to buy 71p.
Nick Stamenkovic at RIA Capital Markets said: "The relief rally in the euro was short-lived as investors await details of the Greek agreement."Nick Stamenkovic at RIA Capital Markets said: "The relief rally in the euro was short-lived as investors await details of the Greek agreement."
'Execution risk''Execution risk'
An initial drop in the yield, or cost of government borrowing, in Italy and Spain - the countries seen most at risk from the knock-on effects of a Greece exit - also tapered off.An initial drop in the yield, or cost of government borrowing, in Italy and Spain - the countries seen most at risk from the knock-on effects of a Greece exit - also tapered off.
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.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.
"For the markets, it's clearly positive that there is an agreement among the European member states and that there is an atmosphere of co-operation," said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels."For the markets, it's clearly positive that there is an agreement among the European member states and that there is an atmosphere of co-operation," said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels.
"Still, there is a bit of execution risk which may haunt us in terms of volatility.""Still, there is a bit of execution risk which may haunt us in terms of volatility."