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European shares rise to 7-yr high

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London - Expectations that Greece would reach an agreement with its international lenders drove a pan-European stock index to a seven-year high on Wednesday, despite German resistance to the deal Greece wants.

Greece will submit a request to the eurozone on Thursday to extend a loan agreement for up to six months. EU paymaster Germany says Athens must stick to the terms of its existing bailout.

Nevertheless, traders said Greece was buying itself time, and Greece's benchmark ATG equity index climbed 1.1% while the country's banking index rose 5.7%.

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Rand - Dollar
19.05
-0.8%
Rand - Pound
24.04
-0.6%
Rand - Euro
20.55
-0.4%
Rand - Aus dollar
12.37
-0.2%
Rand - Yen
0.13
-0.7%
Platinum
901.20
+0.5%
Palladium
997.97
-0.4%
Gold
2,206.11
+0.5%
Silver
24.64
-0.0%
Brent Crude
86.09
-0.2%
Top 40
68,067
+0.6%
All Share
74,267
+0.5%
Resource 10
56,746
+2.0%
Industrial 25
103,647
+0.4%
Financial 15
16,482
-0.3%
All JSE data delayed by at least 15 minutes Iress logo
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