European equities are expected to open lower Thursday as optimism for a deal between Greece and its creditors fade.
The Eurogroup meeting of euro zone finance ministers ended without any agreement on Greece on Wednesday, after the country's latest reform proposals were rejected. Now all eyes are on a two-day European Union (EU) summit, starting on Thursday, where talks are expected to continue. But there are serious grounds for caution.
U.K. Prime Minister David Cameron is expected to use the summit to promote his plans to renegotiate Britain's relationship with the EU.
Mario Draghi continues urging the political agreements for the conversion of euro into a centralized currency area.
Speculation that the Fed will raise interest rates outweigh the price of gold. IMF data showed that only Russia and Kazakhstan increased their gold reserves.
Economic Survey Gfk on consumption and savings in Germany published data below expectations.
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