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European stocks up cautiously on hopes for Greece

Tuesday, February 09, 2010 4:47:24 AM
By CARLO PIOVANO

 A man walks past a screen showing falling stocks at the Athens Stock Exchange, in red, in Greece on Monday, Feb. 8, 2010. Stocks traded mixed Monday as investors remained wary about the strength of the economic recovery and mounting debt in Europe. (AP Photo/Petros Giannakouris)LONDON (AP) - European stocks rose cautiously Tuesday on hopes that EU officials will provide Greece with some form of support to handle its mountain of debt and keep the market crisis from spreading to other vulnerable countries.

Although the European Investment Bank said Tuesday it would not be able, according to its own rules, to offer Greece or any other country a bailout, investors are betting that a meeting on Thursday of EU heads of state will address the market's worry about sovereign debt.

Britain's FTSE 100 index was up 0.5 percent at 5,116.17 and Germany's DAX gained 0.3 percent to 5,499.81. France's CAC-40 rose 0.1 percent to 3,610.95.


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