Copy the embed code below and paste it into your blog or webpage.
|Cypriot bailout spurs European equity rally||REUTERS|
LONDON, March 25 (Reuters) - European shares rallied at the open on Monday, with a key regional index recouping most of last week's losses, after Cyprus secured a bailout deal designed to save its euro zone membership.
Cyprus agreed with international lenders on a rescue that averted a collapse of its banking system, which could have resulted in a sovereign default and the Mediterrannean island leaving the currency bloc.
Euro zone banks, which own a large part of the region's sovereign debt and depend on the wholesale funding market, rallied 2 percent.
The euro zone Euro STOXX 50 index was up 1.3 percent at 2,718.36 points by 0805 GMT, recouping most of its 1.6 percent drop last week.
"We'll probably see 2,750 by the end of the week easily," Justin Haque, a pan-European broker at Hobart Capital Markets said.
The pan-European FTSEurofirst 300 index rose 0.8 percent to 1,199.14 points.
|Domestic Market Reports|
|Weekly Wrap: Sensex, Nifty end flat on weak economic data||19 Apr, 2014|
|Exchanges, brokerages hit with high-speed trading class action||19 Apr, 2014|
|Pakistani stocks end lower; rupee weakens, o/n rates rise||19 Apr, 2014|
|China shares dip after property data, Great Wall Motor slides||19 Apr, 2014|
|Nikkei gains on upbeat U.S. corporate earnings, data||19 Apr, 2014|
|For Morgan Stanley, playing it safe pays off||19 Apr, 2014|
|US STOCKS-Earnings lift S&P 500, Nasdaq; S&P's best week since July||19 Apr, 2014|
|US STOCKS SNAPSHOT-S&P 500, Nasdaq rise after strong results||19 Apr, 2014|
|For Goldman Sachs and Morgan Stanley, boring is beautiful||19 Apr, 2014|
|Wall St edges higher during earnings flurry||19 Apr, 2014|
|International Market Reports|
|European shares fall as strong euro, China weakness hits earnings||19 Apr, 2014|
|Hong Kong shares nudge up in low volume ahead of holiday||19 Apr, 2014|
|European shares hit by China weakness in luxury drink sales||19 Apr, 2014|
|European shares' rebound stalls; Remy, SAP sink||19 Apr, 2014|
|European shares set to halt rebound||19 Apr, 2014|
|Nikkei ends flat as profit-taking tempers Fed optimism||19 Apr, 2014|
|Asian stocks creep ahead, tech sector a drag||19 Apr, 2014|
|Nikkei flat in choppy trade as profit-taking offsets U.S. optimism||19 Apr, 2014|
|Asian stocks struggle higher, lack conviction||19 Apr, 2014|
|European shares bounce back as Chinese data reassures||19 Apr, 2014|
|BSE - Apr 17, 12:00 AM||A B1 B2|
|Suzlon Energy L||
|Click here for more|