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12.02.2015 16:00

European Stocks. First hour: Stocks add gains – Greece and quarterly reports in focus

European stocks add gains in early trading. Investors focus on Greece. Yesterday's emergency meeting of the E.U. finance ministers failed to reach an agreement and deliver a joint statement on the outcome. Greece presented a 10 point plan to replace the bailout deal but creditors are insisting on the terms of the original agreement. Greece's bailout will expire on February 28th. Fears that Greece might leave the Eurozone, the "Grexit" weighs on the markets as decisions on the bailout-deal are postponed until next week, February 16th, were the next meeting is scheduled. Today E.U. leaders will meet at a summit.

Today a large number of quarterly reports are also in the focus.

The FTSE 100 index is currently trading +0.28% quoted at 6,837.50 points. Germany's DAX 30 rose +0.73% trading at 10,830.35. France's CAC 40 added +0.17%, currently trading at 4,687.11 points.

Market focus

  • Irish PM Varadkar: Ideally Would Get Brexit Deal By Year End
  • The sentix overall index for Euro Area fell again in November from 11.4 to 8.8 points
  • UK consumer credit increased by £0.8bn in September
  • Spanish unemployment continues at its lowest levels in the last 9 years
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