Greek stocks surged Tuesday after Athens delivered to Brussels a list of proposed reforms aimed at obtaining an extension of its financial lifeline.
Europe`s main markets mostly rose as investors digested details of the Greek reform package that will be crucial to continuing its bailout.
Greece`s benchmark ATHEX index of leading companies rallied 8.29 percent at 924.96 points in morning deals, after a holiday closure on Monday.
Frankfurt`s DAX 30 rose 0.05 percent to 11,136 points and London`s FTSE 100 added 0.21 percent to 6,926.60 points, while the CAC 40 in Paris slid 0.02 percent to 4,861.10 compared with Monday`s close.
In foreign exchange activity, the euro dropped to USD 1.1307 from USD 1.1337 late in New York.
Greece`s eurozone future was on the line Tuesday as international creditors scrutinised a list of reforms to see if Athens has done enough to deserve an extension to its bailout programme.
Athens publicly unveiled the four-chapter reform list sent to the EU as part of a hard-fought deal to keep its vital loan lifeline alive.
The reforms pledge to "strengthen fiscal sustainability, guarantee financial stability and promote economic recovery," Finance Minister Yanis Varoufakis said in a letter to the country`s European creditors.
The programme, seen by AFP, includes a raft of measures aimed at tackling corruption, improving efficiencies in tax collection, the social security system and government bureaucracy."It may have been a day late but the Greek government submitted a range of reforms it is willing to implement, and we are still waiting to see if they will be accepted by their eurozone counterparts," said analyst David Madden at trading firm IG.
"It is believed that the reforms will be accepted, but until that time traders will be sitting on the fence."
Most European indices had risen on Monday after eurozone ministers tentatively agreed to extend
Greece`s bailout by four months, but London slid on poor results from HSBC bank.
Meanwhile on Tuesday, London investors also pored over the latest company earnings news.
Global mining giant BHP Billiton said its first-half net profit almost halved to USD 4.26 billion on the back of collapsing commodity prices.
The 47.4-percent slump in the six months to December 31 compared with USD 8.1 billion in the previous corresponding period, with revenues dropping 11.9 percent to USD 29.9 billion.
Underlying earnings -- which exclude one-off writedowns -- were down 31 percent to USD 5.35 billion.
However, that was slightly better than analyst expectations, and sent the group`s London share price soaring 4.69 percent to 1,619.50 pence.
