European shares up on Greece deal news
Monday, 13 July 2015
Shares in London and other key European markets have risen on news that eurozone leaders have reached a deal on a third bailout for Greece. By midday, the FTSE 100 had gained 0.67%, or 45.02 points, to trade at 6,718.40. France's CAC-40 was up 1.96% to 4,999.33 while Germany's Dax was up 1.4% at 11,472.95. Earlier, shares in Asian markets were mostly up on hopes for a deal. Bank shares surged, with the euro-area banking indexes up 2.7%. Deutsche Bank shares were also up 2.7%, while the biggest winner on Frankfurt's main index was shares and securities trader Deutsche Boerse, up 3.4%. However, after an early spike upwards, the euro fell 0.8% against the dollar to buy $1.1068, and tumbled 1.03% against the pound to buy 71.1p, according to BBC.