News article

European stocks fall amid Greek debt talks

European stocks fall amid Greek debt talks
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People learning to trade saw share values fluctuate in Europe today (January 27th) as traders awaited the results of discussions between private creditors and Greece over the nation's debt problems.

The Stoxx Europe 600 Index slipped 0.1 per cent to 257.68 after tumbling by as much as 0.9 per cent earlier in the day, reports Bloomberg. Despite these negative results the gauge has moved forward by a total of 5.4 per cent over the course of the month.

Standard & Poor's 500 Index futures moved forward by 0.1 per cent, while the MSCI Asia Pacific Index (MXAP) added 0.2 per cent to its market value.

Chris Weston, an institutional trader at IG Markets, told the news provider Greek debt talks continue to be the central issue in European financial markets.

"It seems as though an agreement is imminent. European markets have a subdued feel to them today, although with the level of event risk seen, volatility could pick up," added Mr Weston.

Italian bonds rebounded yesterday after a successful debt auction, the news provider noted.

Posted by Clive ArneilADNFCR-1681-ID-801276632-ADNFCR