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European stocks swing on Greek woes
Shoaib Ur Rehman
16 Jun, 2015
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Copyright AFP (Agence France-Presse), 2015
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![](https://i.brecorder.com/images/2015/06/eu-stock3-may.jpg">LONDON: European stocks swung around Tuesday as Athens and its EU-IMF creditors remained locked in a stand-off over a deal to save Greece from a possible default, dealers said.</P><P>Markets also took a knock from news that investor sentiment has tumbled to a seven-year low in eurozone powerhouse Germany, weighed down by uncertainty over Greece and subdued global growth.</P><P>Frankfurt's DAX 30 initially fell by over 1 percent on news that Germany's investor confidence index, calculated by the ZEW economic institute, fell 10.4 points to 31.5 points in June -- its lowest level since November last year.</P><P>However by afternoon it had recovered ground, standing up 0.05 percent at 10,989.92 points.</P><P>The CAC 40 in Paris, which was down by over a point in midday trading, rebounded to a gain of 0.22 percent at 4,826.00 points.</P><P>London's FTSE 100 index shed 0.32 percent to 6,688.92 points.</P><P>Oanda analyst Craig Erlam said that )
