European shares hit 3-week high on expectations of Greek deal

martes 23 de junio de 2015 04:13 GYT

* pan-European FTSEurofirst 300 index up 1 percent

* Greek shares up 2.6 pct, Greece's banks up 6.1 pct

* Numericable falls as French govt opposes Bouygues deal

By Atul Prakash

LONDON, June 23 (Reuters) - European shares climbed to a three-week high on Tuesday, extending the previous session's rally, on expectations that Greece was getting closer to a debt deal with its international creditors.

Greece's ATG share index rose 2.6 percent after surging 9 percent in the previous session, while the country's benchmark banking index was up 6.1 percent, extending Monday's rally of nearly 21 percent.

Greece presented new budget proposals that euro zone leaders welcomed as a basis for a possible agreement to unlock frozen aid and avert a looming default.

"Still no Greek deal though, but plenty of optimism that we are edging closer. This comes from experience, with years of similar happenings resulting in deals at the last minute," said Mike van Dulken, head of research at Accendo Markets.

The pan-European FTSEurofirst 300 index was up 1.0 percent at 1,580.74 points by 0748 GMT after haven risen to a high of 1,582.10, the highest level since early June. The index closed 2.4 percent stronger in the previous session.   Continuación...