NEW YORK: Global stocks and the euro rose yesterday after Greece made progress on its debt bailout program, adding to gains driven by ECB plans to help euro zone nations under pressure from bond markets.
The gains followed a strong finish to last week after robust US jobs data on Friday eased concerns about global growth.
Wall Street rose to a three-month high in early afternoon trading, while European shares closed at their highest level in more than four months.
The MSCI World Index, which captures the world's biggest stock markets, was up 0.9 percent to its highest level since early May. The pan-European FTSEurofirst 300 ended up 0.4 percent at 1,085.79.
The Dow Jones Industrial Average gained 72.28 points, or 0.55 percent, at 13,168.45. The Standard & Poor's 500 Index was up 7.38 points, or 0.53 percent, at 1,398.37. The Nasdaq Composite Index was up 29.41 points, or 0.99 percent, at 2,997.31.
The euro last traded 0.2 percent higher at $1.2403, below a one-month peak of $1.2443 hit in Asian trade.
Oil gained in thin, choppy trade, supported by higher equities but buffeted by ongoing turmoil in the Middle East. In New York, crude recovered from early losses and was up 63 cents at $92.03 a barrel.
n FROM: REUTERS
Shares, euro surge on ECB plan hopes
