Stock indices traded mixed on the uncertainty over the debt talks between Greece and its creditors. Yesterday's debt talks between Greece and its creditors ended without any results. Greece rejected on Wednesday a "counter proposal" from its international creditors, according a government source. There are still differences.
"Unfortunately we have not reached an agreement yet, but we are determined to continue work," the head of the Eurogroup Jeroen Dijsselbloem said.
Athens and its lenders failed to reach a deal on tax, pension reform and VAT.
Athens have to repay €1.6 billion IMF loans by June 30.
Meanwhile, the economic data from the Eurozone was soft. German Gfk consumer confidence index fell to 10.1 in July from 10.2 in June. Analysts had expected the index to remain unchanged at 10.2.
The decrease was driven by declines in economic expectations and the willingness to buy. The previously unsuccessful attempts to find a solution to the debt crisis in Greece and a possible Greek default also weighed on the index.
Name Price Change Change %
FTSE 100 6,845.87 1.07 0.02 %
DAX 11,452.96 -18.30 -0.16 %
CAC 40 5,034.24 -11.11 -0.22 %