ROME: European stocks have closed solidly higher as traders focused on Greece’s efforts to strike a bailout deal, while betting on the outlook for US interest rates.
Frankfurt’s DAX 30 index jumped 1.83 per cent to 12,086.01 points on Monday, while the CAC 40 in Paris ended 0.98 per cent higher at 5,083.52 points.
London’s benchmark FTSE 100 index climbed 0.53 per cent to 6,891.43 points compared with Friday’s close.
US stocks were also up in late morning trades in New York, among new activity in health services and energy sectors.
The Dow Jones Industrial Average was up 1.50 per cent, while the tech-rich Nasdaq Composite Index rose 0.83 per cent.
The euro fell to $US1.0818 from $US1.0890 late in New York on Friday.
‘The eurozone remained a veritable Emerald City for investors, with green scenes throughout the region,’ wrote Spreadex analyst Connor Campbell.
‘Germany even managed to sneak in positive inflation to the mix… The US markets exploded out of the gate, and in a rare sight managed to ignore the strong dollar.’
Other analysts expected similar movement as the week moves ahead.
