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 %