ROME: European equities ended sharply higher on Monday after European negotiators reached a deal over a third bailout for Greece.
The pan-European Stoxx 600 index finished around 1.9 percent higher as markets breathed a sigh of relief.
Britain’s FTSE 100 traded to close around 1 percent higher, while the German DAX and Spanish IBEX 35 finished around 1.5 and 1.7 percent higher, respectively. The French CAC 40, meanwhile, celebrated the news by ending the day around 1.9 percent up.
U.S. stocks followed the overseas gains, rallying 1 percent plus on Monday around the Europe close, on the news of a bailout agreement between Greece and its creditors.