FX & CFD trading involves significant risk
European stocks climbed for a third day as a report showed the U.S. economy added more jobs than predicted and Greece’s private creditors agreed to a debt swap.
Greece’s government said that bondholders tendered 152 billion euros of Greek-law bonds, or 85.8 percent, for the debt swap. The Mediterranean nation will swap their holdings for new securities under the debt exchange. Creditors also tendered 20 billion euros of foreign-law bonds, according to the country’s Finance Ministry. Greece’s use of collective-action clauses forcing investors to take part in the sovereign restructuring should trigger $3 billion of insurance payouts under rules governing credit- default swap contracts.
National benchmark indexes rose in 12 of the 18 western- European markets. Germany’s DAX Index gained 0.7 percent. The U.K.’s FTSE 100 Index rose 0.5 percent, while France’s CAC 40 Index advanced 0.3 percent.
London Stock Exchange Group Plc surged 6.4 percent to 955 pence, its biggest increase in eight months. The owner of Europe’s oldest independent bourse agreed to buy a majority stake in
Straumann Holding AG and Nobel Biocare Holding AG, two Swiss makers of dental implants, surged 8.7 percent to 153.80 Swiss francs and 8.1 percent to 11.40 francs, respectively, after Goldman Sachs Group Inc. raised its recommendations on the companies.
Lagardere plunged 6.1 percent to 22.32 euros. The owner of the Europe 1 radio station posted full-year adjusted net income of 226 million euros, compared with 284 million euros a year earlier. The publisher forecast flat Ebit this year.
Hermes International SCA, the French maker of Birkin bags and silk scarves, lost 2.1 percent to 264.60 euros. The stock was cut to underweight from neutral at HSBC.
|remaining time till the new event being published|
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.