Stock indexes in Europe have responded to the growth of data on U.S. retail price indices. According to the National Association for Business Economics (NABE) growth of the U.S. economy should gradually increase during the next year, while the housing market continues to improve. However, the overall pace of economic recovery will continue to be too low in order to reduce unemployment.

In Greek, there is no question of certain achievements, but it is likely that Greece will receive additional time for fiscal reform. This was stated by Commissioner Rehn.

At the moment:

FTSE 100 5,824.29 +30.97 +0.53%

CAC 40 3,429.35 +40.27 +1.19%

DAX 7,293.83 +61.34 +0.85%

Orkla ASA shares grew by 2.%. Quotes of Norsk Hydro ASA gained 1.6% after the company agreed to a merger. Hennes & Mauritz AB gained 1.3% after the clothing retailer reported an increase in sales. Paper Douglas Holding AG jumped 6.3% after the rumors about Mark that Advent International Corp is preparing a takeover offer for the company.