The European stocks got ambiguous on the Greek news

14.07.2015

On Tuesday, European stocks are ambiguous as markets got influenced by the news about the third bailout of Greece and prepared for publication of German economic data later today.

During European morning trade, the STOXX EURO 50 fell 0.14%, France's CAC 40 lost 0.05%, and the German DAX 30 fell 0.30%.

European stocks strengthened on Monday after Eurozone leaders reached unanimity on the third bailout of Greece after a long meeting at the weekend.

Now, before the negotiations for the third program of rescue continue, the Greek Parliament should vote for the new legislation until Wednesday, which requires for the lifting of the sales tax, the reduction of pension payments and automatic spending cuts if the budget does not reach the following targets.

Parliaments of the Eurozone countries must also approve a new anti-crisis financing.

The financial sector has been mixed, as Societe Generale (PARIS: SOGN) and BNP Paribas (PARIS: BNPP) added 0.05% and 0.23%, while Deutsche Bank (XETRA: DBKGn) gained 0.73%, and Commerzbank (XETRA: CBKG) weakened by 0.48%.

Among the peripheral lenders, Intesa Sanpaolo (MILAN: ISP) grew 0.20%, Unicredit (MILAN: CRDI) lost 0.44%, while Spanish banks BBVA (MADRID: BBVA) and Banco Santander (MADRID: SAN) are stable, rising with only 0.01%.

Shares of Kuehne & Nagel (SIX: KNIN) rose 3.48% after the Swiss company reported a profit in the second quarter better than expected.

The London FTSE 100 index fell 0.12%, being under the pressure of the mining sector.

Shares of Rio Tinto (LONDON: RIO) lost 0.21%, shares of Glencore Xstrata (LONDON: GLEN) dropped by 0.58%, while shares of competitors from Antofagasta (LONDON: ANTO) and Bhp Billiton (LONDON: BLT) lost 0.67% and 0.92% respectively.

The financial sector is also largely decreased. For example, shares of Lloyds Banking (LONDON: LLOY) weakened by 0.14%, shares of Royal Bank of Scotland (LONDON: RBS) fell 0.40%, while shares of HSBC Holdings (LONDON: HSBA) lost 0.67 %. Shares of Barclays (LONDON: BARC), by contrast, rose 0.38%.

Meanwhile, shares of Sky Plc (LONDON: SKYB) showed maximum growth on the index, jumping 1.76% after Deutsche Bank on Tuesday increased its rating to "buy."

In the US, equity markets point to a stable dynamics or a decrease. Futures of Dow Jones Industrial Average show a 0.09% decline, futures of S&P 500 indicate a 0.12% drop, while the Nasdaq 100 futures fell 0.02%.

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