• European stock markets mid session: stocks traded mixed on news the Eurogroup approved the third Greek bailout programme

Market news

17 August 2015

European stock markets mid session: stocks traded mixed on news the Eurogroup approved the third Greek bailout programme

Stock indices traded mixed on news that the Eurogroup approved the third Greek bailout programme on Friday. The programme totals €86 billion. The Greece could get €26 billion in the first tranche from the third bailout programme. €13 billion will be used to cover the debt repayment and an additional €10 billion will be used to bolster capitalisation levels of Greek banks. The Greek government will get €3 billion for the implementation of fiscal and structural reforms.

Meanwhile, the economic data from the Eurozone was positive. Eurozone's unadjusted trade surplus jumped to €26.4 billion in June from €18.8 billion in May.

Exports rose at an annual rate of 12.0% in June, while imports increased at 7.0%.

Current figures:

Name Price Change Change %

FTSE 100 6,577.61 +9.28 +0.14 %

DAX 6,548.28 -2.46 -0.04 %

CAC 40 4,979.43 +22.96 +0.46 %

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