European stocks close: stocks closed higher as news reported that Greece and its creditors were starting to draft an agreement

Stock indices closed higher as news reported that Greece and its creditors were starting to draft an agreement. Greek Prime Minister Alexis Tsipras said on Wednesday that Athens was "close" to a deal with its creditors.

"We have made many steps. We are on the final stretch towards a positive deal," Tsipras noted.

Greek prime minister added that the government will pay wages and pensions at the end of the week.

The released economic from the Eurozone was mixed. German Gfk consumer confidence index climbed to 10.2 in June from 10.1 in May, beating expectations for a decline to 10.0. It was the highest level since October 2001.

The increase was driven by a strong domestic demand and low inflation.

"Private spending is a key driver for economic growth this year," Gfk noted. But Gfk warned that the debt talks between Greece and its creditors, the Ukraine crisis and IS terrorism may weigh on consumption in Germany.

French consumer confidence index fell to 93 in May from 94 in April, missing expectation for a rise to 95. It was the first fall in seven months.

The decline was driven by a pessimistic outlook regarding consumers' future saving capacity. The index of the outlook on consumers' saving capacity plunged to -5 in May from 4 April.

The National Bank of Belgium (NBB) released its business survey on Wednesday. The business climate rose to -4.9 in May from -6.2 in April, beating forecasts for an increase to -6.0. It was the fourth consecutive monthly rise.

The gain was driven by increases in in all branches of activity.

Indexes on the close:

Name Price Change Change %

FTSE 100 7,033.33 +84.34 +1.21 %

DAX 11,771.13 +146.00 +1.26 %

CAC 40 5,182.53 +98.99 +1.95 %