European stocks are trading moderately higher today. Stalling negotiations between Greece and the E.U. weigh on the markets as the country is struggling to unlock more bailout funds. Greece failed to reach an agreement with the European Union and the IMF. The proposed reforms were rather seen as 'ideas' than concrete plans and therefor dismissed. Antonis Samaras announced yesterday that he would be willing to join a unity government if the government commits to stay in the Eurozone. Yesterday the ECB raised the cap on the Emergency Liquidity Assistance for Greek banks.
The commodity heavy FTSE 100 index is currently trading 0.22% quoted at 6,824.73 points. Germany's DAX 30 is trading at 12,007.55 points 0.05%. France's CAC 40 is currently trading at 5,072.01 points, 0.19%.