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Talks between the debt-ridden country and its foreign lenders over a second bailout meandered on without a resolution in sight, while debt auctions by France and Spain failed to offer any succour to markets, reports Reuters.
Europe's common currency remained little changed on the day at $1.3115, fluctuating between the range of $1.3230 and $1.3020 it traded in last week.
Similarly, the FTSEurofirst 300 index stayed on the same level as traders continued to be cautious.
"A reasonable set of results but certainly not the humdinger of an outcome seen at the last two sets of auctions," said Richard McGuire, rate strategist at Rabobank.
The euro remained steady yesterday after positive manufacturing data from China offered markets a slight boost, Bloomberg noted.
Posted by Greg Secker
