UK shares rise after Greek deal

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/AFP
UK equities moved higher on stronger demand for riskier assets after Eurozone's finance ministers and the IMF agreed to release the next part of Greek bailout. Meanwhile, market sentiment was also supported by news that the UK GDP expanded by 1% in Q3, unchanged from the initial estimate. Positive data from the US also lifted UK blue chips. US durable goods orders remained unchanged last month, confronting exportations of a decline. The FTSE 100 Index climbed 0.3% to trade at 5,804.14. Eight out of ten sectors surged. Technology and industrial sectors posted the biggest gains. Sage Group rose 0.55%, while BAE Systems and Rolls-Royce Holdings jumped 2.18% and 0.29%. Meanwhile, International Consolidated Airlines inched up 0.47% despite upcoming five-day strike at its Spain's unit Iberia as the company plans to cut jobs and reduce salaries. Lenders also joined the rally on Greece's optimism. Royal Bank of Scotland, Lloyds Banking and Barclays surged 3.4%, 2.61% and 1.33%, respectively.
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