European and US markets closed at higher levels after Greece began repaying ECB and IMF

European stock markets closed slightly higher on Monday after the International Monetary Fund (IMF) confirmed that Greece has paid € 2 billion ($ 2.2 billion) owed to the fund.

This news was reported by Reuters and stated that Greece has started to repay its obligations both to the European Central Bank (ECB) and International Monetary Fund.

The  FTSE 100 UK index closed at a level of 6790.15 or up by 0.2%. Germany's DAX index gained about 0.5%  and ended the session at 11,750.49.