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MW: European stocks waver as Greece keeps investors wary
 
European stocks swung between small gains and losses Thursday, with investors still nervously watching Greece’s negotiations with its creditors.

The Stoxx Europe 600 SXXP, -0.18% was down 0.1% at 387.33. The index rose 1.5% on Wednesday after Greek Prime Minister Alexis Tsipras pitched a compromise to extend Greece’s bailout.

Still, Tsipras continued to call on Greeks to vote “no” in Sunday’s referendum on creditors’ previous demands. Opinion polls suggest the vote will be close.


“Given the blizzard of often conflicting news, the market has followed each twist and turn fairly slavishly. Investors aren’t really trying to second guess outcomes,” said Jeremy Batstone-Carr, chief economist and strategist at London-based brokerage and wealth manager Charles Stanley.

See latest news on the Greek debt crisis.

European stock indexes remained mixed after U.S. jobs data showed the economy created 223,000 new jobs in June. Economists polled by MarketWatch had expected a gain of 225,000 nonfarm jobs. Wages were flat and job gains in the prior two months were reduced.

In Frankfurt, DAX 30 DAX, -0.53% was fractionally lower at 11,173.92. In Paris, the CAC 40 PX1, -0.70% slipped 0.2% to 4,872.86. In London, the FTSE 100 UKX, +0.44% rose 0.3% to 6,627.96.

The euro EURUSD, +0.3528% was 0.4% higher at $1.1082 following the jobs data.

Elsewhere in currency markets, the Swedish krona SEKUSD, -0.6589% fell sharply after the country’s central bank cut interest rates further into negative territory and beefed up its asset purchase program. The euro EURSEK, +1.0048% was 0.8% higher against the Swedish currency at 9.3374 kronor.

In bond markets, safe-harbor German debt gave up some of its recent gains. The 10-year German bond TMBMKDE-10Y, +5.55% yield climbed 0.05 percentage point to 0.86%. Yields rise as prices fall.

In corporate news, shares in Electrolux AB ELUXB, -9.95% slid 11% after the U.S. Justice Department filed a suit seeking to block its acquisition of General Electric Co.’s GE, +0.08% appliance business.

Dixons Carphone PLC DC., +1.35% rose 1.3% as the British mobile-products retailer plans to open stores in the U.S., leveraging a partnership with Sprint Corp. S, -0.44%
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