Stock markets in Europe erased morning gains and turned lower on Monday, as traders digested Greek news on one side and corporate stories on the other.
Germany's DAX 30 index fell 0.49% to trade at 11,439.12, while the UK's FTSE 100 index dropped 0.98% to 6,652.31.
Among the other indices, the French CAC 40 index declined 0.36% to 5,136.72, while the pan-European Euro Stoxx 50 index decreased 0.39% to 3,623.76.
Greek officials said that technical talks on a new bailout program between Athens and its creditors could be concluded by Tuesday, which is positive news for European traders. Still, the trading sentiment was offset by losses from some of Europe's major companies.
Monday's session will see no macroeconomic stories on the schedule, while therest of the week will bring some important economic data, starting with Germany's ZEW index on Tuesday, with analysts predicting only a slight improvement for August.
UK labor data is the major event scheduled for Wednesday, while Thursday will bring the accounts from the European Central Bank's latest monetary policy meeting.
Friday will be busy days for Germany, France, Italy and the whole euro zone are due to publish GDP data for the second quarter, while the euro bloc is also expected to reveal its latest inflation data for the month of July.
