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Business / Stock Market

European stocks higher awaiting Greek update.

Published: 24 Apr 2015 - 05:22 pm | Last Updated: 14 Jan 2022 - 06:37 pm


London - European stock markets rose Friday on hopes embattled euro zone member Greece would take strides towards a debt deal to unlock bailout money.

Frankfurt's benchmark DAX 30 index climbed 0.21 percent to stand at 11,774.68 points in mid-afternoon trades, helped also by data showing German business confidence at a 10-month high.

In Paris the CAC 40 inched up 0.08 percent to 5,182.79 points, while London's benchmark FTSE 100 advanced 0.06 percent to 7,058.20.

In Greece, the Athex index jumped 3.17 percent -- coming off more robust gains earlier Friday -- while Madrid's stock market increased by 0.22 percent and Milan rallied 0.89 percent.

In New York, good earnings reports by Amazon, Microsoft and Google helped the Nasdaq Composite Index add to its fresh record high in opening Wall Street.

After finally breaking the 15-year record on Thursday with a 21-point gain, the Nasdaq rose another 0.59 percent after 10 minutes of trade to 5,086.89 points.

The Dow Jones Industrial Average slipped 0.12 percent to 18,036.77 points, while the S&P 500 gained 0.11 percent to 2,115.19.

AFP