STOCK MARKET WATCH -- Wednesday, 21 November 2012

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27. European Stocks Decline Amid Deadlock in Greek Debt Talks

http://www.bloomberg.com/news/2012-11-21/european-stock-futures-fall-greek-debt-talks-deadlocked.html

European stocks were little changed after policy makers meeting in Brussels failed to reach a decision on assisting debt-laden Greece. U.S. index futures and Asian shares were also little changed.

Johnson Matthey Plc slumped 6.3 percent after it reported a drop in first-half profit. Imagination Technologies (IMG) Group Plc slipped 2.1 percent as it said that it will monitor mobile chip designer CEVA Inc.’s counter bid for MIPS Technologies Inc. Veolia Environnement SA rose 2.2 percent after getting approval for the sale of its U.S. waste-management business.

The Stoxx Europe 600 Index (SXXP) rose less than 0.1 percent to 269.51 at 11:20 a.m. in London. The gauge has still climbed 15 percent from its low on June 4, boosted by stimulus announcements from the European Central Bank and U.S. Federal Reserve as well as better-than-forecast economic data. Standard & Poor’s 500 Index futures lost less than 0.1 percent, while the MSCI Asia Pacific Index added 0.1 percent.

“Now markets are affected by some delay of the Greek issue, which it seems won’t be finished until the beginning of next week,” Roger Peeters, chief executive officer at Close Brothers Seydler Research in Frankfurt, wrote in an e-mail. “As a logical consequence, investors become more and more upset.”