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Stocks march, investors pin hopes on Greek deal

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London - Stocks continued their relentless march higher on Wednesday as investors shrugged off the protracted uncertainty surrounding Greece's debt negotiations with its creditors, pinning their hopes that a deal will be reached by the end of the week.

The Greek government said it would request a loan extension from its creditors on Wednesday, expected to be for up to six months with conditions yet to be negotiated, and the European Central Bank (ECB) will announce it won't cut off emergency funding for Greek banks, a source told Reuters.

Europe's main bourses followed Asia and Wall Street higher. In early trade the FTSEuroFirst 300 index of leading European shares was up 0.5% at a fresh seven-year high of 1 511 points, and Britain's FTSE 100 rose 0.3% to 6 921 points, its highest since January 2000.

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Rand - Dollar
18.97
-0.3%
Rand - Pound
23.97
-0.3%
Rand - Euro
20.48
-0.1%
Rand - Aus dollar
12.36
-0.1%
Rand - Yen
0.13
-0.4%
Platinum
911.60
+1.6%
Palladium
1,012.97
+1.1%
Gold
2,214.54
+0.9%
Silver
24.90
+1.0%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.9%
Resource 10
57,251
+2.9%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
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