Stock indices closed higher on Greek plans to renegotiate its debt. The new Greece government outlined its plans to renegotiate the terms of its bailout, retreating from demands for a debt haircut. Greek Finance Minister Yanis Varoufakis has proposed debt swaps.
Eurozone's producer price index dropped 1.0% in December, missing expectations for a 0.7% decrease, after a 0.4% decline in November.
Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. rose to 59.1 in January from 57.6 in December, beating expectations for a decline to 56.9.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,871.8 89.25 1.32 %
DAX 10,890.95 62.94 0.58 %
CAC 40 4,677.9 50.23 1.09 %