LONDON — European and Asian stock markets closed on a high Monday, following news that Greece will receive its third bailout and remain in the euro zone after knife-edge talks over the weekend.

The CAC 40 in Paris led the upswing in Europe, closing up 1.9 percent to 4,998.10, followed by the DAX in Frankfurt, 1.5 percent to 11,484.38. The FTSE 100 in London and the FTSE MIB in Milan were both up 1 percent, to 6,737.95 and to 23,167.04 respectively.

Among the retail and luxury stocks that gained the most ground were Aeffe, 4.7 percent to 1.91 euros; Tod’s, 3.2 percent to 84.65 euros; and Salvatore Ferragamo, 4.1 percent to 26.41.

Among the few stocks that lost ground were Koovs, 2.1 percent to 0.70 pounds; Italia Independent Group, 2.2 percent to 30.85 euros; and Gemfields, 2.3 percent to 0.54 pounds.

The euro traded at $1.11, while the pound fetched $1.55, and the Swiss franc equaled $1.06 against the dollar. The yen traded at $0.01, while the yuan equaled $0.16, and the Hong Kong dollar $0.13.

Tokyo’s Nikkei 225 gained 1.57 percent and Hong Kong’s Hang Seng rose 1.3 percent. Shanghai’s SSE Comp and Singapore’s Straits Times also ended in positive territory, gaining 2.4 percent and 0.96 percent respectively.

One of the top performers in Tokyo was Isetan Mitsubishi Holdings, which rose 4.95 percent to end at 2,185 yen. Other retail stocks posted modest gains. Chow Tai Fook inched up 0.13 percent to close at 7.82 Hong Kong dollars. Fast Retailing rose 0.96 percent to end at 54,530 yen.

Chinese stocks were boosted by government measures implemented last week to stabilize the market. Some of the biggest gainers included Global Brands Group up 3.18 percent to 1.62 Hong Kong dollars, and Trinity Group which rose 3.51 percent to 1.81 Hong Kong dollars.

But department store operators were among those that fared the worst, with Harvey Nichols’ parent company Dickson Concepts moved down 2.29 percent to 2.99 Hong Kong dollars. Sogo operator Lifestyle International lowered 4.29 percent to 12.94 Hong Kong dollars.

Over the next 48 hours, the Greek parliament will be asked to pass critical reforms into law, including cuts to the pension system, increases in tax revenue via VAT, and measures dealing with privatization, and the liberalization of the labor market.

Greek banks will be recapitalized and debt will be reduced through the privatization of assets.

The euro zone, meanwhile, will begin negotiations on a third bailout worth up to 86 billion euros that will come from the European Stability Mechanism and the International Monetary Fund.

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