European indices declined as slumping oil-prices and worries over Greece's future in currency-union after the elections on January 25^th weigh on markets and outweigh speculation of further stimulus by the ECB. The German Spiegel magazine reported that Chancellor Merkel is ready to accept a Greek euro exit as elections will take place in three weeks. After a decline in U.K.'s PMI Construction from previously 59.4 to 57.6, not meeting forecast of a slight decrease to 59.2, markets are looking forward to German CPI due 13:00 GMT.

In today's session the FTSE 100 index declined by -0.59% quoted at 6,509.42. France's CAC 40 lost -0.58% trading at 4,227.62. Germany's DAX 30 is currently trading -0.34% at 9,731.58 points.