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20.03.2015 16:00

European stock markets First hour: Indices higher amid Greece talks

European stocks open higher at the end of the week amid hopes on a progress in the negotiations between the E.U and Greece. Greece agreed on working on a new reform plan to prevent the country from bankruptcy. European Parliament President Martin Schulz said that Greece's financial situation is dangerous. The FED's statement on Wednesday lends further support as FED chair Yellen indicated that rates will rise at a slower pace - although dropping the word 'patient' from the minutes - predicting lower economic growth and inflation.

The FTSE 100 index is currently trading +0.17% quoted at 6,974.06 points. Germany's DAX 30 is trading higher at 11,954.35 points +0.46%. France's CAC 40 is currently trading at 5,045.91 points, +0.17%.

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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