LONDON: European stock markets rose further at the start of trading on Tuesday, building on the previous day's sharp rally on hopes of there finally being a deal over Greece's bailout.
Frankfurt's DAX 30 index gained 0.81 percent to 11,460.50 points and the CAC 40 in Paris won 0.94 percent to 5,045.57 points.
Outside the eurozone, London's benchmark FTSE 100 index rose 0.15 percent to 6,836.18 compared with Monday's close.
Signs of a potential breakthrough in talks between Greece and official creditors sparked a huge rally in European equity markets and a new record in the United States on Monday.
The Frankfurt and Paris markets had closed up nearly four percent compared with Friday's finish, where relief and hope greeted an eleventh-hour reform plan from Greece that raised confidence that a Greek debt default could be averted at the end of the month.
"The prospect of a deal on Greece... following months of tough negotiations is likely to keep the mood in the markets very upbeat this week," Craig Erlam, senior market analyst at Oanda trading group, said on Tuesday.
Greece and its creditors were working to seal a bailout deal with exactly one week to go before Athens is due to repay the IMF around 1.5 billion euros ($1.7 billion) on June 30 or face default and a possible exit from the EU.
After an emergency summit in Brussels, the eurozone finance ministers were to hold fresh talks on Wednesday to thrash out the details ahead of a full meeting of all 28 EU leaders on Thursday.
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