European shares hit 4-week high, boosted by banks and oil

miércoles 25 de mayo de 2016 07:05 GYT
 

* FTSEurofirst 300 index gains 1 pct

* Greek deal lifts banks

* Energy shares mirror higher crude oil

* M&S slumps after short-term profit warning (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. See the bottom of the report for more details)

By Atul Prakash and Alistair Smout

LONDON, May 25 (Reuters) - European equities jumped to a four-week high on Wednesday, with banks buoyed after politicians made progress on talks over securing a debt relief deal for Greece, and energy shares rising on the back of a rally in oil.

The FTSEurofirst 300 and the STOXX Europe 600 index both hit their highest levels since late April, both rising 1 percent to add to the previous session's jump of more than 2 percent.

Greek shares rose 0.7 percent after euro zone finance ministers agreed with Greece and the International Monetary Fund on a deal that will address Athens' requests for debt relief.

"The agreement should ensure that Greece remains little source of negative headline risk throughout the rest of the year ... The big question over the next 12 months is how quickly capital controls can be lifted and the economy can gradually return towards a path to normality," Deutsche Bank analysts said in a note.   Continuación...