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11.02.2015 16:00

European Stocks. First hour: Stocks little changed - Greece and Euro Zone Emergency Meetings in focus

European stocks are little changed in early trading as investors focus on Greece and the Emergency Euro Zone Meetings. Over the weekend Greek Prime Minister Alexis Tsirpas had ruled out any extension of the international bailout and reaffirmed that he will stick to his plan to roll back austerity measures.

Yesterday Prime Minister Alexis Tsipras won a confidence vote in Greek Parliament on his plan to cancel the international bailout. Hopes for a compromise in Greek debt negotiations lend support to the markets. Reports state that the European Commission could propose a six-month extension to the bailout program. Greece seeks to get a 10 billion euro bridging plan in order to buy time and to avoid a funding crunch but according to German Finance Minister Schäuble there are no plans to give the country more time.

The FTSE 100 index is currently trading -0.02% quoted at 6,827.46 points. Germany's DAX 30 rose +0.07% trading at 10,761.59. France's CAC 40 lost -0.42%, currently trading at 4,676.05 points.

Market focus

  • Bundesbank: German growth to remain subdued at least in first half of 2019
  • EU will react swiftly if U.S. hits it with car tariffs - European Commission
  • Unemployment in the UK remained at 4%, as expected
  • Bank of Japan Governor Kuroda: BOJ policy does not have currency manipulation as its target
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