Europe Stocks Little Changed Amid Fed Optimism, Greek Debt Talks

European stocks were little changed amid optimism the Federal Reserve will raise rates gradually, while investors weighed Greek debt talks.

The Stoxx Europe 600 Index added 0.1 percent to 384.22 at the close of trading. The benchmark gauge trimmed a decline of as much as 1.5 percent after U.S. jobless claims and leading economic indicators beat estimates, while consumer prices rose at a slower pace than forecast.

Investors are also seeking signs of progress in Greek negotiations, with the International Monetary Fund saying it won’t grant a grace period if the country fails to make a payment due on June 30. Euro-area finance chiefs met in Luxembourg today in what has been billed as a last chance for Greece to agree upon terms for as much as 7.2 billion euros ($ 8.2 billion) in aid.

The uncertainty is souring a winning streak for the Stoxx 600, which is heading for its worst quarter in three years after rallying the most since 2009 in the first three months of the year.

Source: Bloomberg


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