Global shares rise on German growth, Greece optimism; oil rises
Reuters - Feb 13, 2015
Stock markets worldwide rose on Friday on stronger-than-expected economic growth in Germany and optimism that Greece would reach a deal with its creditors, while oil prices gained on signs that excess supply may ebb.
Germany reported growth of 0.7 percent for the fourth quarter, more than double economists' expected 0.3 percent rate, pointing to a stronger 2015 for the euro zone's biggest economy.
The growth in Germany boosted the overall euro zone economy, which accelerated by 0.3 percent. Top European shares hit a seven-year high, while Germany's DAX .GDAXI index hit a record high. U.S. shares rose, with the benchmark S&P 500 .SPX index posting a record closing high. [ID:nL1N0VN269]
Greek equities .ATG rallied nearly 6 percent as shares of Greek banks surged on signs the country could reach a deal with creditors.
