ROME: European stocks rose Friday, as the aftereffects of a U.S. Federal Reserve meeting helped markets gain some respite from Greece’s deadlocked debt talks.
The Stoxx Europe 600 closed 0.4% higher, taking its cue from Thursday’s rally on Wall Street. Shares pulled back from their highs for the day as U.S. markets opened slightly lower.
Still, signals from the U.S. Federal Reserve on Wednesday that it will move slowly in raising interest rates helped shares end the week on the front foot.
European shares remain nearly 5% lower over the last month as Greek talks show little sign of progress.
On Friday, the European Central Bank increased emergency lending for Greek banks as deposit flight mounted.
Eurozone leaders will try to clinch a deal at a hastily called crisis summit Monday, after finance ministers failed again to bridge the gap between Athens and its lenders. The summit comes just eight days before Greece’s eurozone rescue runs out.
