European stock markets rise following Greece proposal

Source: Reuters
© scanpix/Reuters
Europe's shares advanced on Friday at the opening after Greece proposed fresh reform proposal. The FTSEurofirst 300 added 1.5% to 1,533.63 points by 07:00 AM GMT, while Euro STOXX 50, representing Euro zone's blue chip companies, rallied 4.2% to 3511.13 points by 8:00 AM GMT. Traders stated to be cautiously optimistic about the possible deal by Sunday.
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