FTSE rises 0.23 percent at open

By Staff Reporter
AFP European Edition

Feb 15, 2012 04:45 EST

London equities rose in early trading Monday as investors digested news that the eurozone had given Greece a new ultimatum and delayed a decision on a debt rescue.

The FTSE 100 benchmark index of leading shares gained 0.23 percent to 5,913.65 points in opening deals.

Elsewhere, Frankfurt's DAX 30 added 1.18 percent to 6,807.55 and the Paris CAC 40 rose 0.70 percent to 3,399.37 points.

Eurozone ministers have called off a meeting on the rescue to avert imminent default for Greece, complaining that Athens still had not fulfilled two vital conditions, with time running out for a debt restructuring.

Investors were also awaiting British statistics on unemployment and inflation, due for release Wednesday.

Source: AFP European Edition

 

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