European shares rise more than 1% guaranteed by the Greek parliament – Jornal de Negócios – Portugal

European stocks are trading at high for the seventh consecutive session, after the Greek Parliament approved the austerity measures agreed between the Government of Athens and the creditors in return for the third rescue.

European stocks are trading for high this Thursday, July 16, for the seventh consecutive session, the longest series of gains since January. This reflects investor optimism about the Athens endorsement to the austerity measures that are offset from the third bailout of the country.

The benchmark index for Europe, the Stoxx600 , appreciates 1.12% to 404.40 points, the highest since the 29th of May. The main indices of the Old Continent, especially the Italian MIBTEL, with a rise of 1.34%, and the Spanish IBEX which gained 1.28%. The Portuguese PSI-20 advances 1.22%, the French CAC40 sum 1.26% and the German DAX values ​​1.18%.

The Greek Parliament yesterday gave the green light to the austerity program agreed between Prime Minister Alexis Tsipras and creditors. The measures received a positive vote of 229 deputies out of a total of 300, with half of the votes against came from the Syriza party, which supports the Executive. In total there were six abstentions and 64 votes against, with 32 of Syriza

This Thursday, July 16, the Eurogroup -. Which has been discussing the various possibilities for the short-term loan to Athens – takes stock of the situation after the approval of the Greek Parliament, on the same day that the ECB ends its policy meeting, and expected to announce its decision regarding the line emergency liquidity to Greek banks (ELA program).

The Greek banks are closed doors since the 29th of June at the same time they were tax checks capital. Wednesday, Andreas Dombret, Single Supervisory Mechanism member of the European Central Bank (ECB), said that Greek banks will reopen only after receiving new capital, and the financing of the central bank guaranteed.

“First, it must be ensured that Greek banks will be recapitalised sufficiently under a new aid program, “Dombret argued in a speech in Munich, revealed by the Bundesbank and quoted by Bloomberg. Second, the ECB member added,” must ensure that there is sufficient available liquidity, in case depositors wanting to raise more money after the opening of the recapitalized banks. “

This Thursday the results of the companies are also influencing the performance of listed. Swatch advances 3.39% after it presented results that beat estimates. Volkswagen gained 1.89% and Peugeot 1.96%, after being known data showing that car sales in Europe grew last month at the fastest pace since 2009.