European stock markets rise amid Greek crisis development

Source: Marketwatch
© Scanpix/AFP
On Wednesday, stock markets across Europe rose, as investors took into account Greece's default on its 1.54 billion euros' payment to the IMF. The Stoxx 600 added 1% to 385 points, the UK's FTSE 100 rose 1.1% to 6,595 points, while the DAX 30 was up 1.6% to 11,117 points. Meanwhile, the France's CAC 40 soared 1.8% to 4,877 points and Spain's IBEX 35 gained 1.1% to 10,889 points by 9:30 AM GMT.
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