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European stocks rose as Greece and its creditors agreed on the need to strengthen policy efforts to support economic growth.
Greece and its international creditors have agreed on the need to strengthen policy efforts and comply with its bailout terms after more than a week of meetings.
Representatives from the so-called troika of the European Commission, European Central Bank and International Monetary Fund met with Greek Finance Minister Yannis Stournaras in Athens yesterday at the conclusion of the meetings. The talks will determine whether Greece continues receiving funds from the country’s 240 billion euros ($297 billion) of rescue packages.
BNP Paribas jumped 4.1% following Draghi’s push to set up a bond-buying plan. Credit Agricole climbed 5.0%, Societe Generale increased 2.8%.
Peugeot SA rallying 8.0% after Toyota, Asia’s largest automaker, reported profit that beat analysts’ estimates and raised its sales target. Renault SA climbed 4.5%, Fiat increased 4.0%.
On result of today’s session:
FTSE 5,815.26 +27.98 +0.48%
CAC 3,402.26 +28.07 +0.83%
DAX 6,918.01 +52.35 +0.76%
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