European stock markets mid session: stocks traded higher as concerns over the debt talks eased

Stock indices traded higher as concerns over the debt talks between Athens and its creditors eased, despite the fact that yesterday's debt talks were unsuccessful. The European Commission's Valdes Dombrovskis said that the Eurogroup is ready to continue the debt talks.

European Council President Donald Tusk called the Eurozone leaders' meeting for Monday at 17:00 GMT in Brussels.

"It is time to urgently discuss the situation of Greece at the highest political level," he said.

Meanwhile, the economic data from the Eurozone was mixed. Eurozone's current account surplus climbed to a seasonally adjusted €22.3 billion in April from €18 billion in March.

The surplus was driven by higher surpluses on trade in goods and primary income. The trade surplus rose to €30.4 billion in April from €21.9 billion in March, while primary income remained unchanged at €2 billion.

The surplus on services declined to €3.4 billion in April from €5.5 billion in March, while the secondary income dropped to a deficit of €13.5 billion from a deficit of €11.3 billion.

Eurozone's unadjusted current account surplus declined to €20.4 billion in April from EUR 24.4 billion in March. March's figure was revised down from a surplus of €24.9 billion.

German PPI producer prices rose 0.1% in May, missing expectations for a 0.2% increase, after a 0.1% gain in April.

On a yearly basis, German PPI dropped 1.3% in May, missing forecasts of a 1.1% decline, after a 1.5% fall in March.

The Office for National Statistics released public sector net borrowing for the U.K. on Friday. The public sector net borrowing in the U.K. rose to £9.35 billion in May from £5.46 billion in April, missing expectations for a rise to £10.5 billion. April's figure was revised down from £6.04 billion.

Current figures:

Name Price Change Change %

FTSE 100 6,754.47 +46.59 +0.69 %

DAX 11,221.84 +121.54 +1.09 %

CAC 40 4,857.4 +53.92 +1.12 %