European stocks close: most stocks declined due to the weaker-than-expected consumer confidence in the Eurozone

Most stock declined due to the weaker-than-expected consumer confidence in the Eurozone. Eurozone's consumer confidence dropped to -7.4 in June, missing expectations for an increase to -6, after -7 in May.

Concerns over escalating violence in Iraq also weighed on stock markets.

Eurozone's current account surplus increased to 21.5 billion euros in April from 19.6 billion euros in March. March's figure was revised up from 18.8 billion dollar.

The U.K. public sector net borrowing increased to £11.48 billion in May, from £9.00 billion in April. April's figure was revised from £9.6 billion. Analysts had expected a rise to £11.8 billion.

German producer price index declined 0.2% in May, missing expectations for a 0.2% rise, after a 0.1% fall in April. On a yearly basis, German producer price index dropped 0.8% in May, after a 0.9% decline in April. Analysts had expected a 0.7% fall.

Shire Plc rose 17% after AbbVie Inc. said Shire rejected a bid of as much as 27.3 billion pounds.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,825.2 +17.09 +0.25%

DAX 9,987.24 -16.76 -0.17%

CAC 40 4,541.34 -21.70 -0.48%