European stocks fell from a seven-year high as energy shares declined.
The
Stoxx Europe 600 Index slipped 0.2 percent to 379.46 at 8:11 a.m. in
London. Total SA and BG Group Plc dropped at least 1.3 percent as crude
prices fell, sending a gauge of oil and gas shares to the worst
performance among 19 Stoxx 600 industry groups. Pressure also increased
for Greece to reach a deal with its creditors before its bailout
agreement ends this month.
The
Stoxx 600 rose 0.9 percent on Wednesday on speculation for a Greek deal
after an official said its government will submit a request on Thursday
for a six-month loan extension. The gauge has surged 11 percent this
year as the ECB announced quantitative easing last month.
The
central bank will publish on Thursday a summary of its monetary-policy
meeting for the first time. The document will cover the Jan. 22
deliberations behind its decision to start buying government bonds.
Source: Bloomberg
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