London--Europe's main stock markets retreated Tuesday as investors tracked the latest news flow on stalled Greek debt talks, while HSBC bank slid on revelations of a radical overhaul.
Frankfurt's DAX 30 index sank 0.84 percent to stand at 10,972.20 points in afternoon deals and the CAC 40 in Paris reversed 0.31 percent to 4,842.50.
London's benchmark FTSE 100 slid 0.20 percent to 6,776.48 points compared with Monday's close.
Shares in bank giant HSBC slumped 0.79 percent to 614.60 pence in London, as investors also digested drastic job cuts aimed at saving up to $5.0 billion in annual costs by late 2017.
Athens meanwhile remains locked in a standoff with the European Union over a deal to release 7.2 billion euros ($8.1 billion) of remaining bailout funds as the country faces huge debt repayments to the IMF at the end of the month.
"European stocks are once again heading lower as investor concerns grow about the prospects of Greece actually leaving the eurozone," said technical analyst Fawad Razaqzada at trading site Forex.com.
"Though such an outcome in our view is still unlikely, the probability of it becoming a reality is increasing as each day goes by without a deal being agreed upon."
The euro fell to $1.1229 from $1.1293 late on Monday in New York.
AFP
