European stock markets mid session: stocks traded lower on the uncertainty over the Greek debt talks

Stock indices traded lower on the uncertainty over the Greek debt talks. German Chancellor Angela Merkel said on Monday that time was running out for an agreement to be reached.

The European Central Bank (ECB) Governing Council Member Christian Noyer said on Monday that if Greece had to leave the Eurozone, it would not cause a problem for the Eurozone.

Reuters reported on Monday that Greece's creditors have suggested extending the Greek bailout programme until the end of March 2016, but disagreements over the conditions are risks to this plan.

Meanwhile, the economic data from Eurozone was positive. Eurozone's final gross domestic product (GDP) rose 0.4% in first quarter, after a 0.3% gain in the fourth quarter.

On a yearly basis, Eurozone's final gross domestic product (GDP) increased 1.0% in first quarter, after a 0.9% rise in the fourth quarter.

Household spending gained 0.5% in the first quarter, while government expenditure was up 0.6%.

Exports declined to 0.6% in the first quarter, while imports rose to 1.2%.

The U.K. Office for National Statistics (ONS) released trade data for the U.K. on Tuesday. The U.K. trade deficit in goods narrowed to £8.56 billion in April from £10.7 billion in March. March's figure was revised down from a deficit of £10.12 billion.

The decline in the trade deficit was driven by a drop in imports. Imports dropped by 4.8% in April, while exports of goods rose 2.8%.

Sales to non-European Union countries jumped 4.7% in April.

Exports to the European Union countries increased 0.5% in April, while imports plunged 4.1%.

Current figures:

Name Price Change Change %

FTSE 100 6,755.46 -34.58 -0.51 %

DAX 10,906.5 -158.42 -1.43 %

CAC 40 4,806.36 -51.30 -1.06 %