LONDON: Europe's main stock markets rebounded at the open on Wednesday, with investors waiting to see if Greece will be granted an extension to its bailout.
London's benchmark FTSE 100 index rose 0.79 percent to 6,572.75 points compared with Tuesday's close.
Frankfurt's DAX 30 climbed 0.96 percent to 11,050.32 points and in Paris the CAC 40 advanced by 1.24 percent in value to 4,849.43.
European indices had slid on Tuesday, extending heavy losses seen at the start of the week, as hopes faded of a last-minute deal to stave off Greece defaulting on its payment to the International Monetary Fund.
The European Union will decide Wednesday whether to hand Greece a last-minute bailout package to avoid pushing it further towards an exit from the eurozone.
Greece on Tuesday failed to make a 1.5 billion euro ($1.7 billion) payment to the International Monetary Fund, becoming the first industrialised country to do so.
On the same day, the international bailout keeping its economy afloat formally expired.
"Investors are still hopeful of a positive outcome," said Mike van Dulken, head of research at Accendo Markets.
"Suggestions are that fresh Greek proposals are now closer to those of the creditors."
Wednesday meanwhile marked the start of the third quarter after a volatile six months' trading.
"It's not been a good quarter for European markets, posting fairly hefty falls, after a spectacular start to the year but they still remain (mostly) in positive territory for the year," said Michael Hewson, chief market analyst at CMC Markets UK.
Hewson noted however that London's FTSE 100, consisting of major energy and mining companies, had been additionally weighed down by lower commodity prices this year.
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