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Most European stocks advanced
Most European stocks advanced
, as the benchmark Stoxx Europe 600 Index extended a four-month high, after Greece and its creditors agreed on the need to strengthen policy efforts to support growth.Greece and its international creditors agreed on the need to strengthen policy efforts to support the economy and comply with its bailout terms after more than a week of meetings.
Richemont gained 6.2 percent to 59.50 Swiss francs, the highest level March 16, after the maker of Cartier watches forecast a 20 to 40 percent jump in first-half profit. The company reported a 24 percent increase in sales for the first- four months of its fiscal year.
PostNL tumbled 6 percent to 3.06 euros, the lowest since June 28, after the postal company cut its full-year sales forecast and said it sees cash operating income at the lower half of the 110 million to 160 million-euro range. Second- quarter earnings also missed analyst estimates.
FTSE 100 5,797.42 +10.14 +0.18%
CAC 40 3,390.52 +16.33 +0.48%
DAX 6,904.19 +38.53 +0.56%
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