Europe Markets

FTSE, DAX and CAC Seen Mixed as Greece Talks Drag


European shares were seen opening mixed on Wednesday as talks between Greece and its international creditors dragged on.

Close-up of a pen on stock price chart

The FTSE 100 was seen lower by 4 points, the DAX was called higher by 12 points and the CAC 40 higher by just 9 points.

In what appeared to be more intransigence on the part of Greek officials on completing a deal with the European Union and the International Monetary Fund, talks stalled on Tuesday over full agreement to the reforms deemed necessary in order to receive the second bailout.

In Greece, the reforms are hugely unpopular with widespread strikes and protests afflicting the country on Tuesday.

In company news, BHP Billiton, the world’s largest miner, reported a rare fall of 7 percent in first-half profits to $9.94 billion just shy of consensus forecasts of $10 billion on Wednesday, just a day after the announcement of the proposed $90 billion merger of Glencore and Xstrata was announced.

In the U.S. Rick Santorum was announced the winner of the states of Missouri and Minnesota in the latest Republican nominating contests. Colorado was the third state voting but has yet to declare the winner with numbers still being counted.

Germany is the only euro zone country auctioning bonds on Wednesday. It is expected to tender around 4 billion euros in 5-year bonds at 10.30 GMT.

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