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    European stock markets mid-session: European indices decline as oil and Greece weigh on markets | 05.01.2015

    European indices declined as slumping oil-prices and worries over Greece's future in currency-union after the elections on January 25th weigh on markets and outweigh speculation of further stimulus by the ECB. The German Spiegel magazine reported that Chancellor Merkel is ready to accept a Greek euro exit as elections will take place in three weeks. After a decline in U.K.'s PMI Construction from previously 59.4 to 57.6, not meeting forecast of a slight decrease to 59.2, markets are looking forward to German CPI due 13:00 GMT.

    In today's session the FTSE 100 index declined by -0.59% quoted at 6,509.42. France's CAC 40 lost -0.58% trading at 4,227.62. Germany's DAX 30 is currently trading -0.34% at 9,731.58 points.


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