European Stock Markets Rise on China Equities Rebound, Hopes of Greek-Debt Deal

European stock markets rise on Thursday as the Greek government prepares to submit detailed proposals to secure its third bailout, sparking hopes of a resolution to the country’s long-running debt crisis before Sunday’s deadline. Indices, and mining stocks including Rio Tinto and BHP Billiton in particular, were also buoyed by a recovery in China, where authorities intervened to stem a plunge in shares. In London Associated British Foods was the lead gainer on the FTSE 100 after reiterating its full-year forecast in a reassuring third-quarter sales update in which it said it has contained the impact of a strong dollar at its Primark fashion chain.