European Stocks Jump On Reports Greece Nearing a Debt Deal

European stocks jumped Wednesday afternoon following reports that debt-troubled Greece is in the final stages of a deal with its international creditors. The Stoxx Europe 600 climbed 1.2%, and Greece's Athex Composite climbed 3.6% after reports Greece's Prime Minister Alexis Tsipras said Athens is in the final stages of a deal, with details to come soon. Stocks started to surge following reports that a draft for a technical-level agreement was being written.