European equity advances on Cyprus bailout deal

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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Mon, 25 Mar 2013 12:15:12 GMT

Dow higher on Friday amid rising optimism about the Cyprus bailout plan

U.S. blue chips surged on Friday on rising hopes Cyprus parliament will approve a plan to pass necessary conditions for receiving a bailout. The Dow Jones advanced 0.6%, or 90.54 points, to 14,512.03. 9 out of 10 sectors and 22 out of 30 companies included in the gauge jumped during the trading session. Consumer services and industrials added 1% both,

Mon, 25 Mar 2013 12:59:10 GMT

S&P 500 paired second drop on a week on Friday

U.S. equities gained on Friday, yet posting the second weekly decline in 2013 for the S&P 500 Index, as optimism on Cyprus' ability to come up with a bailout plan rose and Nike Inc. and Tiffany & Co. data release on corporate earnings topped analyst estimates. The S&P 500 Index climbed 0.7% to 1,556.89 on Friday. All sectors in the

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