RTS Breaks 1,700 Level Amid News from Greece
MOSCOW, March 11 (RIA Novosti)
Russia's dollar-denominated RTS broke through the 1,700 point level at the opening of trade on Sunday as foreign investors approved the Greek debt restructuring agreed on March 9.
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As of 11:55 a.m. Moscow time (07:55 GMT), the RTS rose 2.05 percent to 1,711.65, while Russia’s ruble-denominated MICEX stock index grew 1.64 percent to 1,598.55 points.
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Greece’s private investors agreed on Friday to swap their government bonds for new securities that are worth 83.5 percent of the country’s sovereign debt in a deal to help the country stay afloat and avoid default on its massive debt.
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In Europe, Britain’s FTSE 100 index rose 0.47 percent to 5,887.49 points, Germany’s DAX was up 0.67 percent to 6,880.21 and France’s CAC 40 rose 0.26 percent to 3,487.48 as of 08:03 GMT.
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