European Stocks Pull Back as Session Draws Toward a Close

Wed, 08 Feb 2012 10:07:48 -0500

Spread bets and CFDs on European stocks

European stocks are pulling back, paring earlier gains as the session draws to a close. European stocks received a boost in earlier trading, thanks to hopes about a Greek debt deal being accomplished.

However, a Greek deal still hasn't been reached, and there are concerns that it might be delayed further. Hopes that the ECB would help in the situation are fading as concerns that the central bank will wait to see key provisions agreed to before stepping in ramp up.

The result is that the FTSE 100 is barely into positive territory. Other European indices are higher, but not as high as they were in earlier trading. Once again, all eyes are on Greece, and no one knows what will happen next.

European Markets | GFT Global Markets UK

European Stocks Pull Back as Session Draws Toward a Close

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