European stocks were little changed as investors awaited reports on U.S. consumer confidence and house prices.

Greece faces a financing gap that won’t be solved by budget measures being discussed because a weak economy and delayed privatizations have worsened its fiscal situation, International Monetary Fund Managing Director Christine Lagarde said at the Peterson Institute for International Economics in Washington yesterday.

German Chancellor Angela Merkel meets with European Central Bank President Mario Draghi in Berlin today.

Continental AG sank 4.5 percent as Schaeffler AG sold a 10.4 percent stake in the tire producer.

Telekom Austria AG, dropped 6 percent to an 11-year low after cutting its dividend because cash flow will be lower than expected.

FTSE 100 5,831.81 -7.03 -0.12%

CAC 40 3,476.66 -20.56 -0.59%

DAX 7,375.54 -37.62 -0.51%