Europe Stocks Little Changed as Greek Shares Tumble Amid Impasse

European stocks were little changed near a four-month low, while Greek shares led declines in peripheral markets amid a standoff between the country and its creditors.

The Stoxx Europe 600 Index added 0.1 percent to 383.44 at 12:51 p.m. in London. The measure erased losses of as much as 1.1 percent after the European Commission said it would restart talks with Greece if offered new proposals. Weekend negotiations to find a deal that will help the country avert default and stay in the euro area ended in acrimony, sending shares lower yesterday. The region’s finance chiefs next meet June 18.

Greece ASE Index fell 3.9 percent on Tuesday, heading for the worst three-day drop since anti-austerity party Syriza took charge in January. Spanish and Portuguese shares declined more than 0.5 percent. The volume of shares changing hands on Stoxx 600 companies was 19 percent higher than the 30-day average, data compiled by Bloomberg show.

Source : Bloomberg


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