European stocks joined a global march higher for stocks as investors grew optimistic ahead of a week that includes a major U.S.-China trade meeting and appearances by U.S. Federal Reserve officials.
Greece stocks were in the spotlight, climbing as the country emerged from a marathon bailout process.
Where are the major benchmarks trading?
The Stoxx Europe 600 SXXP, +0.63% rose 0.6% to 383.37, after a bruising 1.2% decline last week, its third straight weekly fall. Recent losses have been pegged to concerns over Turkey’s currency crisis and sluggish commodity prices.
Opinion: If turmoil spreads in Europe, expect heavy flows into U.S. stocks
Germany’s DAX 30 DAX, +1.09% which last week suffered its third consecutive down week and the longest such stretch since February, was among the strongest regional indexes, up 1.1% to 12,350.07.
But Greece had those gains beat, with the ATHEX Composite Share Price Index GD, +1.40% up 1.6% to 720.28.
France’s CAC 40 PX1, +0.70% gained 0.7% to 5,382.74 and the U.K.’s FTSE 100 UKX, +0.58% rose 0.6% to 7,603.50.
The euro EURUSD, -0.2273% fell against the dollar, changing hands at $1.1406, compared with $1.1438 late Friday in New York.
What’s driving the market?
An eight-year-long Greece bailout drama officially came to an end on Monday, though investor worries in the region remain, given nagging worries about Italy’s economic and political situation. The single-currency bloc will face a big test this autumn when the new Italian government must present a budget.
Trade optimism lifted global equities, with U.S. stock futures pointing to near multimonth highs when markets open later. A report in The Wall Street Journal said negotiators on both sides are mapping out talks aimed at resolving major differences by November.
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