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- European stocks are in red zone
European stocks are in red zone
European stocks were little changed before meetings between German, French and Greek leaders to discuss Greece’s second bailout program. Asian stocks fell, while U.S. index futures were little changed.
German Chancellor Angela Merkel said she and French President Francois Hollande will coordinate on their approach to Greece to keep pressure on the country at the heart of Europe’s debt crisis to overhaul its economy.
Rio Tinto and BHP Billiton retreated 3.2% and 1.9% respectively.
NKT Holding tumbled 7.8% after company reported second- quarter sales was below consensus.
Nokia jumped 2.7%.
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