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- European stocks close: stocks closed higher on a weaker euro
European stocks close: stocks closed higher on a weaker euro
Stock indices closed higher on a weaker euro. The euro traded lower on the Greek debt crisis.
German Bundesbank released its monthly report. The central bank expects the German economy to expand in the coming months, driven by consumption. Bundesbank also said that Greece could be bankrupt without changing its attitude in the negotiations with its creditors.
The European Central Bank Executive Board Member Yves Mersch said on Monday that the central bank should continue its quantitative easing until inflation is on track to the central bank's 2% target.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,968.87 +8.38 +0.12 %
DAX 11,594.28 +147.25 +1.29 %
CAC 40 5,012.31 +18.49 +0.37 %
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