Arab Today, arab today european shares up on technicals greek bond talks
Last Updated : GMT 19:10:18
Arab Today, arab today
Arab Today, arab today

European shares up on technicals, Greek bond talks

Arab Today, arab today

Arab Today, arab today European shares up on technicals, Greek bond talks

London - Spa

European shares edged up on Thursday to trade just below a 5-1/2-month high, as investors awaited the outcome of talks between Greece and its private creditors to thrash out a bond swap deal, Reuters reported. At 0937 GMT, the FTSEurofirst 300 index of top European shares was up 0.2 percent at 1,036.95 points. Banks , up 2.4 percent, topped the gainers' list following encouraging results from Goldman Sachs on Wednesday. The FTSEurofirst 300 index's close above a key technical resistance level of 1,028 for two consecutive sessions has improved prospects for more gains towards 1,062, which is the 61.8 percent retracement of its February to September sell-off. It had made several failed attempts in the recent past to stay above 1,028, where its 200-day moving average, medium-term downtrend and previous intermediate highs all converged. The euro zone's blue-chip Euro STOXX 50 index also rose, up 0.4 percent to 2,399.63 points. He saw an upside target of 1,360 for the S&P 500 index and 2,481 for the Euro STOXX 50.  

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