European stocks started the day in positive territory after Greece’s creditors signed up to long-delayed debt-relief measures for the Mediterranean country.
In London, the FTSE 100 was recently 0.63% higher at 6,258.73, while on the mainland the Dax added 0.90% to 10,147.48 in Frankfurt and the Cac 40 gained. 61% to 4,458.67.
Investors across the region were in a buying mood, a day after the International Monetary Fund and euro-area finance ministers signed up to the release of EUR10.3 billion ($11.5 billion) of aid, mainly to help Greece service its debt.
A first disbursement is scheduled for June, with subsequent installments to be made after the summer and based on Greece reaching certain milestones related to the sale of state asse…
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