IPFS News Link • Economy - International
Global Stock Markets Cautious Amid Greek Debt Talks
• http://www.nytimes.com, By THE ASSOCIATED PRESSKEEPING SCORE: The Dow Jones Industrial average was down 29 points, or 0.2 percent, to 18,116 as of 10:50 a.m. Eastern, ending a two-day advance. The Standard & Poor's 500 index lost a point to 2,124 and the Nasdaq composite was up a point to 5,161.
GREECE TALKS: Greece and its creditors continue to hold meetings to reach a new bailout deal for the country. Greece needs loans in time to make a debt payment on June 30. The sides appeared to be moving closer to an agreement this week, but on Wednesday it became clear that some differences remain on what reforms Greece should make in exchange for loans.
German Finance Ministry spokesman Martin Jaeger said his delegation was heading to a meeting on Greece with "realistic expectations" and its impression was that plenty of work remains to be done.
Greek stocks fell 2 percent. Germany's DAX fell 0.4 percent, France's CAC 40 was flat and the U.K.'s FTSE 100 was up 0.3 percent.