(MENAFN- Saudi Press Agency) Global stock markets were boosted Monday by signs the latest reform proposal from cash-strapped Athens was receiving a positive response from European leaders, AP reported.
Britain's FTSE 100 gained 1.1 percent to 6,787.41 and Germany's DAX surged 3.3 percent to 11,406.06. France's CAC 40 advanced 3.2 percent to 4,967.12. Wall Street looked set for a strong start for the week, with both Dow and S&P 500 futures up 0.9 percent.
Greece faces a June 30 deadline to make a 1.6 billion euro ($1.8 billion) loan repayment to the International Monetary Fund, which it now is unable to make.
Japan's Nikkei 225 gained 1.1 percent to 20,428.19. South Korea's Kospi added 0.4 percent to 2,055.16. Australia's S&P/ASX 200 recovered from early losses, edging 0.2 percent higher to 5,610.20. Southeast Asian stock markets were mostly higher Shanghai Composite dived 6.4 percent, taking it 13 percent lower for the week after more than doubling in the past year.
Benchmark U.S. crude rose 55 cents to $60.16 a barrel in electronic trading on the New York Mercantile Exchange.
The dollar rose to 123.07 yen versus 122.73 yen on Friday. The euro fell to $1.1342 from $1.1356.
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