Markets rallied Friday after new Greek proposals for policy overhauls and budget cuts appeared to be closer to creditors’ demands, fueling investor hopes that the country could strike a deal this weekend to keep it in the eurozone.

The Stoxx Europe 600 ended the session 2.0% higher, building on Thursday’s gains. The pan-European index has now clawed back all of the losses made after Sunday’s referendum, in which Greek voters rejected a set of the creditors’ austerity demands.

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