European stocks traded near a seven-year high, while Greek shares fell on skepticism that a debt agreement is within reach.
The Stoxx Europe 600 Index slid 0.1 percent to 376.55 at the close of trading in London, following a drop of as much as 0.3 percent. Greece™s ASE Index lost 3.8 percent, the most among 18 western-European markets, as German Finance Minister Wolfgang Schaeuble said on Deutschlandradio that weekend discussions failed to make sufficient progress in identifying common ground. Europe™s finance ministers met again in Brussels on Monday to discuss financing for the region™s most indebted state.
Greek lenders slid the most in the Stoxx 600 on Monday, with National Bank of Greece SA, Piraeus Bank SA and Eurobank Ergasias SA down more than 12 percent. The volume of Stoxx 600 shares changing hands was 35 percent lower than the 30-day average. The U.S. market was closed for a holiday.
Source : Bloomberg