By Alistair Smout LONDON (Reuters) – European shares continued their upward trend on Monday as investors extended their optimism following the announcement of QE program of the European Central Bank last week, despite the fall of the Greek stock market after the triumph of the left in a key election. * The ATG reference to the Athens stock exchange lost 3.2 percent led by bank stocks , after the leftist Syriza won victory on Sunday in parliamentary elections. * The Greek stocks turned positive in volatile trading before going down again, after the leader of SYRIZA, Alexis Tsipras, reached an agreement to form a government with a rightwing party also opposes the agreement bailout of Greece. * Syriza achieved shutout promising to end the austerity imposed by the European Union-led bailout agreement and the IMF, and said he wants a restructuring of Greek debt, which could lead to a confrontation with its partners in the euro area. * “There is much uncertainty in the markets right now with regard to Greece. While it has formed a coalition, we do not know how effective is their agenda debt renegotiation, “said global equity strategist James Coutts Butterfill. * Butterfill noted that while the rapid formation of a new government was welcome, there are still doubts about the permanence of Greece in the euro bloc, even though Syriza It has been said that seeks to work with creditors on a new agreement. * Throughout Europe, the actions of the eurozone had the backing of the new stimulus measures announced last ECB to revive the economy of the region week. * The pan-European FTSEurofirst 300 index closed up 0.58 percent to 1488.03 points, maximum of seven years. Continued …
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