You are here

Europe: Shares hit 6-week high on Greece, Alfa Laval surges

EUstocksreuters.jpg

[LONDON] European shares climbed to a six-week high on Thursday after the Greek parliament passed sweeping austerity measures demanded by its lenders to open talks on a new multibillion-euro bailout package to keep Greece in the euro.

Swedish engineering group Alfa Laval rose 10 per cent after posting a bigger than expected rise in second quarter core earnings.

Swiss watchmaker Swatch Group rose 4.8 per cent after saying it was upbeat in its full-year outlook. Its first-half net profit, however, fell nearly 20 per cent on a strong franc and negative interest rates.

The STOXX Europe 600 Automobile and Parts index was up 1.4 per cent, the top sectoral gainer, as demand for mid-market brands and luxury autos pushed growth of new car sales in Europe to the highest monthly rate in five and a half years in June.

sentifi.com

Market voices on:

The pan-European FTSEurofirst 300 index was up 0.6 per cent at 1,595.01 points by 0710 GMT after touching to 1,595.66, the highest level in more than six weeks.

REUTERS

Powered by GET.comGetCom