Stock indices traded lower on concerns over Greece's debt crisis. Greece is running out of cash, and it needs a new tranche of loans. The Greek government hopes to unlock a new tranche of loans at the Eurogroup meeting on April 24. Some European officials expressed concerns that an agreement between Greece and its creditors will be signed this week.

The Greek Prime Minister Alexis Tsipras will meet German Chancellor Angela Merkel at EU summit in Brussels on Thursday.

Corporate earnings also weighed on markets.

The Bank of England's Monetary Policy Committee (MPC) released its April meeting minutes on Wednesday. All members voted to keep the central bank's monetary policy unchanged.

Two members of the nine MPC said that the decision not to hike interest rate in April was "finely balanced."

MPC members noted that the economy in the Eurozone grew strongly than expected.

Current figures:

Name Price Change Change %

FTSE 100 7,025.68 -37.25 -0.53 %

DAX 11,859.45 -80.13 -0.67 %

CAC 40 5,166.98 -25.66 -0.49 %