European stock indices grew strongly as a result of information about financial assistance for Spanish banks. Economics and finance ministers of the euro area accepted on Saturday during a special Eurogroup teleconference Spainish application for the grant of aid to the banking sector up to 100 billion.
On Monday morning FTSE 100 rose by 1.58%, CAC 40 – by 2.09% and the German DAX – by 2.19%. Spanish IBEX35 improved by 4.5%. Investor sentiment improved after the decision to grant Spanish banks.
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