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.
(Market News Provided by FXstreet)