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03.02.2015 17:02

European stocks close: stocks closed higher on Greek plans to renegotiate its debt

Stock indices closed higher on Greek plans to renegotiate its debt. The new Greece government outlined its plans to renegotiate the terms of its bailout, retreating from demands for a debt haircut. Greek Finance Minister Yanis Varoufakis has proposed debt swaps.

Eurozone's producer price index dropped 1.0% in December, missing expectations for a 0.7% decrease, after a 0.4% decline in November.

Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. rose to 59.1 in January from 57.6 in December, beating expectations for a decline to 56.9.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,871.8 +89.25 +1.32 %

DAX 10,890.95 +62.94 +0.58 %

CAC 40 4,677.9 +50.23 +1.09 %

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