European
stocks climbed for a third day, as an increase in health-care shares
and Greek companies outweighed a drop in energy producers.
The
Stoxx Europe 600 Index rose 0.5 percent to 372.1 at the close of
trading, reversing losses of as much as 0.3 percent. It extended gains
earlier after a report showed U.S. service industries expanded at a
faster pace than forecast. Drugmakers were among the biggest
contributors to the advance, with Roche Holding AG and Novartis AG up
more than 2 percent, while oil-and-gas shares fell 0.9 percent as a
group.
Greece™s
ASE Index climbed 0.9 percent, after rising 2.8 percent, and reversing
losses of as much as 2.6 percent. Prime Minister Alexis Tsipras and his
finance minister are visiting European leaders to negotiate new terms on
repaying Greece™s debt. German Chancellor Angela Merkel indicated that a
diplomatic offensive to ease bailout-aid requirements is failing to win
over converts.
Greek
lenders rallied, with Piraeus Bank SA and Eurobank Ergasias SA jumping
at least 11 percent. Finance Minister Yanis Varoufakis said he had Å“very
fruitful talks over the European Central Bank™s support of the Greek
banking system after he met with President Mario Draghi in Frankfurt.
Source : Bloomberg
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