European Stock Markets

A rise was recorded in European stock markets after yesterday’s decision by finance ministers of the Eurozone to extend an aid package to Greece. After an extraordinary conference call made by Eurogroup on Sunday afternoon, a decision to grant assistance amounting to 30 billion from the Eurozone at an interest rate of 5% was agreed, if requested by the Greek government. The market shows that it is able to isolate the Greek question, and to pull out the big picture, said an analyst at NCB Stockbrokers, considering how limited their concerns to return to deflation. At 10:23 (GMT), the pan-European FTSEurofirst 300 index strengthened by 0.18% at 1103.81 points, having closed Friday at highest levels in 18 months. An increase of 2.5% Notes was presented by the share of UBS which announced today that its pretax profits will be at least 2.5 billion Swiss francs.Earnings of 1.4% to 2.2% was additionally recorded by the titles of BNP Paribas, Banco Santander, BBVA and UniCredit.