Comments
European shares rose on Wednesday, led by southern European indexes on fresh optimism that Greece would reach an agreement with its international lenders.
A source close to the government said Greece intends to ask on Wednesday for an extension for up to six months of a loan agreement with the euro zone, on conditions to be negotiated.
Shares in debt-laden Italy and Spain, which were seen as coming under market pressure if Greece were to leave the euro zone, outperformed.
Italy’s FTSE MIB was up 1.1 per cent and Spain’s Ibex 0.7 per cent, with the pan-European FTSEurofirst 300 0.4 per cent higher at 0802 GMT. Athens’ stock market was due to open at 0830 GMT.
“Greece is driving the market today,’’ a senior trader in Milan said.
Providing further support to the FTSE MIB, shares in oil and gas group Eni rose 2.7 per cent after its fourth-quarter results.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.