European shares surge after agreement on Greece debt deal

European shares surged in early trading on Monday after European Council President Donald Tusk said euro zone leaders reached a unanimous agreement following all-night talks in Brussels to move forward with a bailout loan for Greece.

The euro zone's blue-chip Euro STOXX 50 index rose 1.3%, while the pan-European FTSEurofirst 300 index was up 1% by 0706 GMT.

Germany's DAX, France's CAC and Britain's FTSE 100 rose 0.6 to 1.4%.

The euro zone's banking index also advanced 1.5%.