European stocks were little changed as a rise in makers of food and drinks offset a drop in Greek equities.
The
Stoxx Europe 600 Index added 0.1 percent to 377.02 at the close of
trading, after declining as much as 0.7 percent. Diageo Plc and
Anheuser-Busch InBev NV rose more than 1.5 percent, pushing a gauge of
food and beverage shares higher.
The
U.K.™s FTSE 100 Index climbed 0.6 percent to the highest level since
December 1999, buoyed by an increase in Diageo and gains of more than
1.9 percent in cigarette makers British American Tobacco Plc and
Imperial Tobacco Group Plc.
Greece™s
ASE Index dropped 2.5 percent, paring losses of as much as 4.7 percent.
Euro-area finance ministers said there will be no more talks on
financial support unless the Greek government requests an extension of
its existing bailout program. Talks ended abruptly on Monday, when
Greece refused a euro-area proposal that it stick to the terms of its
current bailout program.
The
ASE declined the most among 18 western-European markets. Germany™s DAX
Index retreated 0.3 percent. A report showed investor confidence in euro
area™s biggest economy rose less than forecast.
The
Stoxx 600 dropped 0.1 percent on Monday amid Greek talks after closing
on Friday at a seven-year high. The benchmark measure has advanced 10
percent in 2015 as the European Central Bank unveiled quantitative
easing.
Source: Bloomberg
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