European equity advances on Cyprus bailout deal

Note: This section contains information in English only.
Source: Bloomberg
The Stoxx Europe 600 Index rose by 0.8% to 296.44 points in early London trading session on Monday. The gauge recovered from a last week's 1.1% drop. Investors were willing to purchase European equity, as Cyprus reached an agreement with international lenders on a bailout package. This deal will bring more certainty in capital markets and sharply reduce the risk of Cyprus default.
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