LONDON, Feb 2 (Reuters): European shares stalled and core bond yields held near lows on Monday following disappointing data from China, while Greek markets were volatile as the government pursued efforts to reach a compromise with its creditors.
Some Greek bank stocks rebounded as much 22 per cent as Greece's leftist government began its drive to persuade a skeptical Europe to accept a new debt agreement. Finance Minister Yanis Varoufakis was due to meet his British counterpart George Osborne on Monday.
"Our base case remains that, eventually, some accommodation will be found between the new Greek government and Greece's official creditors," Goldman Sachs analysts wrote in a note.
"The market seems to be taking a view that while the risks of a Greek (euro zone) exit are rising (though not yet to the point where they become the central view), the ability to contain the impact on the rest of the market and avoid systemic spillovers is high."
European markets subdued as Chinese data weighs
FE Team | Published: February 03, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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