PT. Equityworld Futures - European stocks extended a
seven-year high as Greek Finance Minister Yanis Varoufakis faced his
euro-area counterparts in Brussels to seek an agreement that will let
Europe™s most-indebted country avoid default.
The Stoxx Europe 600
Index rose 0.2 percent to 382.27 at the close of trading, for a 1.4
percent weekly gain. The gauge is up for a third week, its longest
streak since the beginning of December. The ASE Index lost 0.3 percent,
erasing an earlier rise, after Maltese Finance Minister Edward Scicluna
said Germany and its allies are ready to let Greece leave the euro
unless Prime Minister Alexis Tsipras accepts the conditions required to
extend his country™s financial support.
The Stoxx 600 has surged
12 percent this year, even as volatility has increased after Greece
elected a new government that is now renegotiating the terms of its aid
package. The VStoxx Index, which tracks expectations for equity swings,
has had a daily average of about 25.4 in 2015. That™s 40 percent greater
than in 2014.
An agreement on extending Greece™s bailout program,
which expires at the end of February, appears unlikely, leading to more
talks on Sunday or Monday, a European Union official said. A
preliminary round was œvery difficult, Dutch Finance Minister Jeroen
Dijsselbloem, who heads the Eurogroup, told reporters
Sumber : ewfpro.com