European Shares Inch Higher On Hopes Of Greek Deal

Published 07/09/2015, 05:39 AM

European shares rose slightly on Wednesday amid hopes Greece could reach a deal with Europe before a deadline of Sunday.

However, the gains were limited, as some investors are still uncertain about the future of the Greek debt crisis. Hence, the slight advance is perhaps a correction to the fall in the previous sessions.

Greek banks remained closed for a second straight week, where the Hellenic country is about to run out money in the coming few days unless it receives a bailout.

EU leaders will convene on Sunday to decide the destiny of Greece at a time that the President of the European Council described as the most embarrassing in the history of the euroarea region.

Stoxx Europe 600 index rose 0.1% to 372.25. STOXX 50 added 0.24 percent. Germany’s DAX soared 0.28 percent and France’s CAC-40 edged up 0.60 percent.

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