Europe ends sharply higher after hints of Greece deal Jenny Cosgrave | Holly Ellyatt 1 Hour Ago CNBC.com 71 SHARES
2 COMMENTSJoin the Discussion
European stock markets ended sharply higher Wednesday after hints that Greece may have edged closer to finalizing a deal with its creditors. (Tweet this)
The pan-European Stoxx 600 index climbed to close over 1.3 percent higher, with all major bourses rallying more than 1 percent on the news that international officials have started to work on a "staff level agreement" with Greece.
Symbol Name Price Change %Change Volume FTSE FTSE 100 Index 7033.33 84.34 1.21% 668803615 DAX DAX Index 11771.13 146.00 1.26% 100896079 CAC 40 CAC 40 Index 5182.53 98.99 1.95% 125733560 IBEX 35 IBEX 35 Idx 11431.10 190.80 1.70% 241034194 Traders cheered the hints of a tentative deal, after months of drawn out bailout talks between Greece and its international bailout supervisors, propelling the French CAC index to close around 2 percent higher and Greek stocks to end around 3.5 percent higher. London's FTSE and Germany's DAX both ended around 1.2 percent higher.
Greek Prime Minister Alexis Tspiras said he was "close to an agreement" in a statement and that the deal would be positive for the Greek economy, adding there was "absolutely no danger" to pensions, salaries, banks or deposits in the potential deal. Read MoreLew adds his voice to warnings of a Greek 'accident' On Tuesday, Greece and its Europeans creditors sought to play down fears that Athens would default on a June 5 debt payment to the International Monetary Fund.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.