LONDON: European stocks reversed early losses on Tuesday and yields on lower-rated euro zone bonds fell as investors reassessed the collapse of Greek debt talks and focused on the prospects of a deal.
The Stoxx Europe 600 briefly dipped in early trade but rebounded to close 0.1% higher, close to the seven-year high hit last week.
Greek stocks and bonds lost ground initially but recouped part of their early losses and remained above the weakest levels they have reached in recent weeks. Athens’ main stock index closed 2.5% lower. Bond yields climbed, signaling a fall in bond prices. The 10-year yield was around half a percentage point higher at 10.36%.
