European stocks climbed for a fifth day after Greek creditors agreed to extend the nation™s bailout funds.
The
Stoxx Europe 600 Index added 0.7 percent to 385.08 at the close in
London. The FTSE 100 Index surpassed a record close in intraday trading
before falling as much as 0.4 percent as lower-than-projected profit at
HSBC Holdings Plc dragged the stock lower. The U.K. gauge ended little
changed.
The
Stoxx 600 reached its highest level since October 2007 after advancing
for a third week, the longest stretch since the start of December, on
optimism Greece and its creditors would agree on a deal. The nation™s
bailout terms were extended by four months, and Greece needs to complete
by the end of the day a list of policies in return for the continued
funding. Finance chiefs will then decide whether the proposals go far
enough or trigger another round of emergency negotiations this week.
The
nation™s ASE Index slipped 4.5 percent last week. The Greek market was
closed on Monday for a holiday. Ireland™s ISEQ Index, the Dutch AEX
Index and the OMX Copenhagen 20 Index climbed the most among 18
western-European markets on Monday.
Source: Bloomberg
0 komentar :
Post a Comment