FRANCE: Stocks across Europe fell Thursday, deflated as a reported deal between debt-laden Greece and its creditors hasn’t come through, the prospect of which sent shares soaring in the previous session.
The Stoxx Europe 600 gave up 0.4% to 407.40, with only the health-care, consumer-services and technology sectors advancing modestly.
On the country indexes, Germany’s DAX 30 shed 0.1% to 11,762.80 after Wednesday’s leap of 1.3%. Frances’s CAC 40 gave up 0.5% at 5,155.39, and in London, the FTSE 100 was off fractionally at 7,033.19.
The Stoxx 600 on Wednesday popped up 1.3% (http://www.marketwatch.com/story/european-stocks-jump-on-reports-greece-nearing-a-debt-deal-2015-05-27), following comments from Greece’s Prime Minister Alexis Tsipras that suggested Athens was in the final stretch of a deal on economic reforms with creditors.
But other key European officials late Wednesday rebuffed the suggestion, saying talks were still ongoing. International Monetary Fund Managing Director Christine Lagarde said in a TV interview that she “would not say that we already have reached substantial results,” according to a Reuters report.
