BRUSSELS: European stocks were mixed on Wednesday amid a drop in German business confidence and another flurry of Greek crisis huddles in Brussels. Dutch food retailer Royal Ahold (AHONY) rose on an agreement to walk down the aisle with Belgium’s Delhaize (DEG – Get Report)
In Germany, the second monthly decline in business confidence cast a shadow over the pace of recovery in Europe’s largest economy. The June reading from the Munich-based Institute for Economic Research fell to 107.4 points, its lowest since February and down from 108.5 points in May, as a worsening climate for manufacturing and wholesaling offset a rosier outlook for construction.
