Greek shares rise to outperform weaker European stock markets

lunes 23 de mayo de 2016 12:29 GYT
 

* FTSEurofirst 300 slips, but Greek shares rise

* Fiat falls on emission concerns

* Bayer down after making Monsanto offer

* Deutsche Bank cuts outlook on European shares (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development). Adds details, share prices)

By Sudip Kar-Gupta

LONDON, May 23 (Reuters) - The Greek bourse outperformed weaker European stock markets on Monday after Athens agreed a series of reforms that should pave the way for an agreement on bailout loans and debt relief talks.

The broader, pan-European FTSEurofirst 300 index closed down 0.5 percent, while the European STOXX 600 fell 0.4 percent, pulled down by drops in Fiat Chrysler and Bayer.

However, Athens' benchmark ATG equity index climbed 1.5 percent. It rose after Greek lawmakers approved tax increases and a new privatisation fund on Sunday and freed up the sale of non-performing loans in exchange for the prospect of much-needed bailout loans and discussions on debt relief.

Greek government borrowing costs dropped to a six-month low on Monday.   Continuación...