European Markets Finished Slightly Higher After Greece Reaches Bailout Deal


The European markets ended Friday’s session with modest gains, following the losses of the last few days. Investors cheered the news that Greece’s creditors reached an agreement to release the next tranche of funds to Athens. Investors also heaved a sigh of relief after a new poll showed French President Emmanuel Macron’s centrist party is heading for a large majority in Sunday’s legislative elections.

Automakers were in focus after European car sales bounced back in May. Energy stocks also fared well as crude oil prices stabilized.

The pan-European Stoxx Europe 600 index advanced 0.55 percent. The Euro Stoxx 50 index of eurozone bluechip stocks increased 0.52 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, added 0.44 percent.

The DAX of Germany climbed 0.48 percent and the CAC 40 of France rose 0.89 percent. The FTSE 100 of the U.K. gained 0.60…



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