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Jun 23, 2015

European shares hit 3-week high on prospect of Greek deal

LONDON, June 23 (Reuters) – European shares climbed to a
three-week high on Tuesday, extending the previous session’s
rally on expectations that Greece was getting closer to a debt
deal.

Greece’s ATG share index rose 4.2 percent, adding to
a 9 percent surge in the previous session, while the country’s
benchmark banking index was up 7.3 percent.

Jun 22, 2015

UK’s FTSE sees biggest gain since May on Greek deal hopes, bid spec

LONDON, June 22 (Reuters) – Britain’s benchmark FTSE 100
equity index rallied on Monday as bid speculation
boosted media group Sky and utility Severn Trent
, while hopes of a Greek debt deal lifted stock markets
worldwide.

The blue-chip index rose 115.22 points, or 1.7 percent, to
6,825.67 points at the close, its strongest daily gain since the
results of the general election in May.

Jun 22, 2015

UK’s FTSE lifted by hopes of Greek deal, bid speculation

LONDON, June 22 (Reuters) – Britain’s benchmark equity index
rallied on Monday, as bid speculation boosted media group Sky
and utility Severn Trent, while hopes of a
Greek debt deal lifted stock markets worldwide.

The blue-chip FTSE 100 equity index rose 1.4 percent
to 6,803.36 points, near its highest level in around two weeks
though lagging gains in euro zone markets, with Germany’s DAX
bouncing 2.6 percent after the European Union welcomed
a new offer by Greece on a reform package.

Jun 19, 2015

Greek assets hold their ground as crisis enters “11th hour”

LONDON, June 19 (Reuters) – Greek financial assets held
their ground on Friday, putting a bruising week behind them as
investors pinned their hopes on an emergency meeting of euro
zone leaders next week producing an agreement to unlock aid for
Athens and avert looming default.

The benchmark prices of stocks — especially in the
financial sector — stabilised, while government and corporate
borrowing costs dipped.

Jun 19, 2015

Dutch broker DEGIRO stops trading in Greece on capital-control fears

LONDON, June 19 (Reuters) – Dutch online broker DEGIRO has
decided to stop trading on the Greek stock exchange on concerns
that Athens might impose capital controls due to its debt
problems.

DEGIRO had previously stopped offering finance for trading
in Greek securities and for borrowing stock for short-selling,
but the company has now halted trading outright on the Athens
bourse.

Jun 19, 2015

European shares advance, Greek stocks hover near 3-year lows

LONDON, June 19 (Reuters) – European shares gained ground on
Friday, boosted by a rise in French telecom stocks and at
steelmaker Thyssenkrupp, although persistent concerns
over Greece kept a lid on the overall progress.

The pan-European FTSEurofirst 300 index rose 0.8
percent, as did the euro zone’s blue-chip Euro STOXX 50 index
. Germany’s DAX advanced 0.7 percent while
France’s CAC climbed 0.8 percent.

Jun 18, 2015

Rise in mining stocks cushions European shares from Greek woes

LONDON, June 18 (Reuters) – A rise in mining shares enabled
European stock markets to recover some ground on Thursday,
although the Athens bourse touched three-year lows on mounting
worries over Greece’s debt crisis.

Athens’ benchmark ATG equity index touched its lowest
level since late 2012, as worries intensified over a deadlock on
talks between Greece and its creditors, before edging up 0.4
percent. The ATG remains down 17 percent so far in 2015.

Jun 18, 2015

Swiss bank UBP clings on to handful of Greek stocks

LONDON, June 18 (Reuters) – Switzerland’s Union Bancaire
Privee (UBP) is sticking with five Greek stocks for clients
prepared to take on the high-risk bet that they could make
money, even as cash-strapped Athens and its creditors battle to
avoid default.

Titan Cement, Grivalia Properties,
betting company OPAP, Motor Oil Hellas Corinth
Refineries and Hellenic Telecom are all held
by Rupert Welchman, portfolio manager at UBP, who cited exposure
to foreign revenues and good cash flow as reasons to own them.

Jun 18, 2015

European shares weaken as Greek shares touch 3-year lows

LONDON, June 18 (Reuters) – European shares fell on
Thursday, with the Athens bourse touching three-year lows as the
prospects of Greece reaching a quick deal with its international
creditors faded.

Athens’ benchmark ATG equity index fell 2.7 percent
as the likelihood of a breakthrough on Greece at Thursday’s
gathering of European finance ministers looked increasingly
remote.

Jun 17, 2015

European shares sag as Greek stocks’ losing streak worsens

LONDON, June 17 (Reuters) – European stock markets lost
ground on Wednesday as persistent concerns over Greece’s debt
problems offset gains in Telecom Italia and shares in
energy companies.

Traders were also reluctant to add to equity positions
before a U.S. Federal Reserve meeting, with many investors
expecting the Fed to signal that U.S. interest rates will be
raised in September.