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European Stocks. First hour: Indices gain on Greek hopes | 03.02.2015

 

European stocks climbed in early trading on hopes that there will be an agreement on the Greek debt standoff. The new Greek government retreated from a plan for a write-off of its debt and proposed a new debt arrangement to reach a compromise with its international creditors on the terms of its bailout. Finance Minister Varoufakis reassured in London that Greece is not seeking a standoff with the European Union. Upbeat quarterly earnings reports further lend support.

 

 

The commodity heavy FTSE 100 index is currently trading 0.88% quoted at 6,842.26 points fuelled by sharp gains in the mining and energy sector. Germany's DAX 30 skyrocketed by 0.90% trading at 10,925.00 extending its all-time high. France's CAC 40 added 0.94%, currently trading at 4,671.40 points.



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