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European stocks advance, Greek shares surge on deal news

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The stock markets across Europe advanced on Monday with Greek shares rising sharply after the nation reached a preliminary deal with its international lenders on home foreclosures.

    The pan-European Euro Stoxx 600 index advanced 2% to trade around 378.12. The blue chip index Euro Stoxx 50 also added 1.8%. Among regional indices, Germany’s DAX advanced 1.6%, while London’s FTSE added 1.7%. France’s CAC also strengthened 2%. Greece's ATG share index surged 3% after Athens reached a deal with its lenders.

    Expectations of further ECB stimulus rose after Peter Praet, the ECB's chief economist and a member of its executive board, told Bloomberg that the bank will reassess the need for more easing in December.

    Shares in UK’s EasyJet were down 3.7%, while Germany’s Dialog was down 0.83%. Randgold Resources was down 0.52% as well on account of falling gold prices. Meanwhile, Smiths Group shares were up 11% along with a 6.17% rise in the Germany’s Deutsche Euroshop shares.
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