FTSE up 0.62% in early trade

London equities made gains in early trading on Tuesday, with traders expecting the final go-ahead for Greece's second bailout soon.

The benchmark FTSE 100 index was up 0.62 percent to 5,929.25 points after strong advances for Asian indices overnight.

Frankfurt's DAX 30 index advanced 0.81 percent to 6,957.25 points and in Paris, the CAC 40 won 0.53 percent to 3,508.59.

German Finance Minister Wolfgang Schaeuble lifted spirits when he said on Monday that the remainder of a multi-billion-euro package of loans from eurozone governments under a second Greek bailout will be signed off this week.

"There's no more doubt," he told reporters in Brussels. "The second aid programme will be signed this week."

Investors were meanwhile looking ahead to a rate-setting meeting of the US Federal Reserv,. following a string of upbeat data that indicates the recovery in the US economy is gaining traction.

Source: http://news.yahoo.com/ftse-0-62-early-trade-090237049.html

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