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The Stoxx Europe 600 Index retreated 0.8 per cent while Germany's ten-year bund yield decreased one basis point to 1.96 per cent, reports Bloomberg.
European finance ministers have expressed their uneasiness with the prospect of lending more money to Greece, which is already in serious arrears.
"There's still a lot of uncertainty around Europe and the Greek restructuring issue is still to be resolved," Shane Oliver, Sydney-based head of investment strategy at AMP Capital Investors, told the news provider.
He added that the impressive growth enjoyed by markets over the past month is likely to make the drop-off in value appear more extreme.
Shares advanced on the FTSE yesterday as global oil prices played in the favour of the British share index, according to reports from Reuters.
Posted by Clive Arneil
