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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

  • UK PM Theresa May says that she is to step down on 7 June
  • UK retail sales remained unchanged in April
  • Italy’s Deputy Prime Minister Salvini says EU fiscal rules must be changed
  • President Trump says 'dangerous' Huawei could be included in U.S.-China trade deal
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