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European shares rise after China rebound and glimmer of hope on Greece
Published in Saudi Press Agency on 09 - 07 - 2015

European shares rose on Thursday, supported by miners after a rally in metals and Chinese stocks, while some investors were betting Greece's creditors will look positively at reform proposals and finally agree a debt deal, Reuters reported.
In a speech to the European Parliament, Greek Prime Minister Alexis Tsipras called for a fair deal after EU leaders gave him five days to come up with convincing reforms.
The euro zone's Euro STOXX 50 index rose 2.1 percent, while the pan-European FTSEurofirst 300 index was up 1.7 percent at 1,503.35 points by 1111 GMT.
The STOXX Europe 600 Basic Resources index gained 1.9 percent as prices of major industrial metals rose on signs of stabilisation in share markets in China, the world's biggest metals consumer. The country's stock markets plunged about 30 percent in the past three weeks, but have started to stabilise.
Chinese stocks surged about 6 percent on Thursday, helped by Beijing's frantic attempts to arrest the sell-off that has roiled global financial markets.


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