European Stocks Gain on Greece’s Positive Development

European stock markets jumped on Friday as the Greece’s European partners have decided to finalize a bailout package by the early next week. The Stoxx Europe 600 index surged 0.7 percent to 266.21 with top bull as Aker Solution gaining 18.3 percent which surged on the news of its 20 per higher net profit.

Moreover banking sector performed the most resulting in rallying of European stocks. Greek Stock Exchange’s General Index jumped 5 percent to 824.26. Among the top performers included National Bank of Greece gaining 10.1 percent while Piraeus Bank SA gained 14 percent. In Spain, Ibex 35 index Banco Santander SA gained 2.4 percent while BBVA SA jumped 1.6 percent for the day.

France’s CAC-40 index jumped 1.5 percent to close at 3,443.50 with top bulls as Credit Agricole SA which gained 4.6 percent while Societe Generale Jumped 6 percent for the day.

Germany’s DAX 30 index gained 1.5 percent to close at 6,852. Among the top gainers were Commerzbank AG and Deutsche Bank AG which gained 2 percent. Daimler AG gained 3 percent while BMW AG surged 2.1 percent for the day.

FTSE 100 index advanced 0.5 percent to close at 5,916.86 for the day.

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