European shares were on Monday to negotiate lower, with investors again worried about the negotiations at a standstill between Athens and international creditors and no evidence that any of the parties is willing to yield.
At about 9:15 a.m. in Lisbon, the EuroStoxx 50 index, which represents the leading companies in the euro zone, was falling 1.28% to 3458.01 points.
The exchanges of London, Paris and Frankfurt were down, to retreat 0.66%, 1.07% and 1.34%, respectively, while Madrid and Milan were falling 1.32% and 1.30%.
After have opened lower, the stock Lisbon maintained the trend and, at about 9:15 am, the main index, the PSI20, was losing 1.57% to 5670.45 points.
In New York, Wall Street ended lower on Friday, with the Dow Jones falling 0.78% to 17,898.84 points, after rising to 19 may last up to 18312.39 points, the current highest ever since was created.
The week begins without agreement between Greece and international creditors. Athens says the International Monetary Fund and the European Union insist on an “irrational” agreement, but the president of the European Commission, Jean-Claude Junker believes an understanding by the end of the month.
Since Monday , the Greek prime minister, Alexis Tsipras, said he was willing to “wait patiently” until the institutions have a “realistic” position. And according to the Greek Finance Minister, Yanis Varufakis, negotiations between Athens and international lenders are expected to start from scratch on Thursday.
However, the ECB will decide on Wednesday changes or not the limit of emergency liquidity assistance to which Greek banks can access through the Bank of Greece and continues to accept no discount the assets that serve as collateral of the main Greek entities.
At the exchange rate level, The euro opened today at Frankfurt stable foreign exchange market, the quote to $ 1.1196, from $ 1.1296 on Friday’s closing. The European Central Bank (ECB) set on Friday the reference exchange rate of the European currency at $ 1.1220.
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