European Stocks Advance Amid Optimism of Greek Deal Compromise
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European stocks advanced amid investor optimism that Greece and its creditors can work out a bailout deal and keep the Mediterranean nation in the euro area.
The Stoxx Europe 600 Index rose 1.5 percent to 387.07 at the close of trading. It earlier climbed as much as 2.2 percent after Greek Prime Minister Alexis Tsipras signaled he’s prepared to compromise on the starting point for talks. Shares trimmed gains after he reiterated his call for voters to reject austerity measures in Sunday’s referendum.