Polish equity market ended Thursday's session with a tiny gain. The broad market measure, the WIG Index, inched up 0.05%. Sector-wise, the chemical sector (+0.82%) was the biggest advancer of the day, while the media sector (-1.59%) was the weakest group.

The large-cap stocks' measure, the WIG30 Index, modestly outperformed the broad market, returning 0.11%. SYNTHOS (WSE: SNS) was the growth leader among the index components, recording advance of 2.77%. Coal miners BOGDANKA (WSE: LWB) and JSW (WSE: JSW) were also noteworthy performers, correcting upwards by 2.43% and 2.18% respectively. Elsewhere, PZU (WSE: PZU) extended gains for the forth straight session ahead of shareholder meeting next week with robust dividend payout on the agenda. The stock went up by 2.19%. On the other side of the ledger, TAURON PE (WSE: TPE) was the weakest name, dropping 2.47%. It was followed by CYFROWY POLSAT (WSE: CPS), MBANK (WSE: MBK) and ALIOR (WSE: ALR), declining 2.45%, 1.96% and 1.86% respectively.

Stock indices closed mixed as debt talks between Greece and its creditors ended without a deal. Next Eurogroup's meeting is scheduled to be on Saturday.

European Commission President Jean-Claude Juncker said on Thursday that officials will "work until the last minute, second, millisecond so that the euro project does not crash".

Earlier, Greek Prime Minister Alexis Tsipras said that he was confident that a compromise that will help the Eurozone and Greece to overcome the crisis will be reached. He added that he thinks the current proposal is a "good basis" for a deal.

Meanwhile, the economic data from the Eurozone was soft. German Gfk consumer confidence index fell to 10.1 in July from 10.2 in June. Analysts had expected the index to remain unchanged at 10.2.

The decrease was driven by declines in economic expectations and the willingness to buy. The previously unsuccessful attempts to find a solution to the debt crisis in Greece and a possible Greek default also weighed on the index.

The Confederation of British Industry released its retail sales balance data on Thursday. The CBI retail sales balance dropped to +29% in June from +51% in May.

The decline was driven by a drop in grocery sales as the supermarket price wars continue.

Sales expectations for next month eased.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,807.82 -36.98 -0.54 %

DAX 11,473.13 +1.87 +0.02 %

CAC 40 5,041.71 -3.64 -0.07 %

Major U.S. stock-indexes rose on Thursday after consumer spending recorded its largest increase in nearly six years and the U.S. Supreme Court backed Obamacare, boosting healthcare stocks. The healthcare sector was 15.1 percent of the S&P 500 as of May 29. U.S. hospital operators' shares rallied broadly while health insurers also gained.

Almost all Dow stocks trading in positive area (20 of 30). Top looser - Caterpillar Inc. (CAT, -0.84%). Top gainer - UnitedHealth Group Incorporated (UNH, +2.38).

S&P index sectors mixed. Top gainer - Conglomerates (+1,0%). Top looser - Basic Materials (-0.5%).

At the moment:

Dow 17909.00 +26.00 +0.15%

S&P 500 2105.50 +6.00 +0.29%

Nasdaq 100 4534.75 +19.00 +0.42%

10-year yield 2.42% +0.05

Oil 59.53 -0.74 -1.23%

Gold 1173.00 +0.10 +0.01%

Eurogroup's meeting ended without a deal today. Next Eurogroup's meeting is scheduled to be on Saturday.

European Commission President Jean-Claude Juncker said on Thursday that officials will "work until the last minute, second, millisecond so that the euro project does not crash".

Greek Prime Minister Alexis Tsipras said on Thursday that he was confident that a compromise that will help the Eurozone and Greece to overcome the crisis will be reached.

He added that he thinks the current proposal is a "good basis" for a deal.

The International Monetary Fund (IMF) said that it expects Greece to repay IMF loans by June 30. Athens have to repay €1.6 billion IMF loans.

The IMF spokesman Gerry Rice said that talk of a default is a speculation as the Greek government has said publicly that it will make the payment.

European Council President Donald Tusk said on Thursday that he hopes a deal will be reached with Greece.

For now, I can only say, that work is underway and for sure it will need still many hours. The last hours have been critical but I have a good hunch that unlike in Sophocles' tragedies this Greek story will have a happy end," he said.

Markit Economics released its preliminary services purchasing managers' index (PMI) for the U.S. on Thursday. The U.S. preliminary services purchasing managers' index (PMI) declined to 54.8 in June from 56.2 in May, missing expectations for an increase to 56.7.

A reading above 50 indicates expansion in economic activity.

The decline was driven by a decrease in new business growth and hiring. The preliminary new business index declined to 55.0 in June from 55.7 in May.

"A slowdown in the economy at the end of the second quarter may mean the Fed takes a further pause for thought before hiking interest rates. The latest flash PMI surveys showed the smallest rise in service sector activity since January and the slowest growth of factory output for over a year and a half, linked to the strong dollar," Markit Chief Economist Chris Williamson.

The Swiss National Bank (SNB) President Thomas Jordan said in Lausanne on Thursday that the Swiss franc remains "significantly overvalued". He added that the strength of the Swiss currency is a reflection of global crisis.

Jordan pointed out that the decision to remove the minimum exchange rate was driven by "the growing divergence between the monetary policy stances of the world's main currency blocks". If waited longer to remove the minimum exchange rate, the central would have lost control of its monetary policy, and it would have removed the minimum exchange rate later "under much less favourable conditions".

The SNB president noted that the Swiss economic outlook depends on global economic developments. The SNB expects the Swiss economy to pick up in the second half of the year.

Jordan said that that a deflationary spiral is not expected despite price declines.

The Confederation of British Industry released its retail sales balance data on Thursday. The CBI retail sales balance dropped to +29% in June from +51% in May.

The decline was driven by a drop in grocery sales as the supermarket price wars continue.

Sales expectations for next month eased.

CBI Distributive Trades Survey Chairman and Asda's Chief Customer Officer, Barry Williams, said that retailers hope to purchase more in the summer months.

"Low inflation - expected to stay below 1% throughout this year - has given customers more discretionary income. The power of the pound in their pocket is going further and shoppers are spending more on treats, like flowers and jewellery, as well as on activities with their families," he added.

U.S. equity-index futures stayed higher while Treasuries fell as a report showed consumer spending rose the most in almost six years, signaling the economy is gathering strength.

Global markets:

Nikkei 20,771.4 -96.63 -0.46%

Hang Seng 27,145.75 -259.22 -0.95%

Shanghai Composite 4,528.86 -161.29 -3.44%

FTSE 6,829.42 -15.38 -0.22%

CAC 5,044.11 -1.24 -0.02%

DAX 11,483.28 +12.02 +0.10%

Crude oil $60.01 (-0.43%)

Gold $1172.20 (-0.07%)

(company / ticker / price / change, % / volume)

The U.S. Commerce Department released personal spending and income figures on Thursday. Personal spending jumped 0.9% in May, exceeding expectations for 0.7% gain, after a 0.1% increase in April. It was the biggest increase since August 2009.

April's figure was revised up from a flat reading.

Consumer spending makes more than two-thirds of U.S. economic activity.

Personal spending was partly driven by a rise in spending on automobiles, which soared 2.2% in May.

The saving rate declined to 5.1% from 5.4% in April.

Personal income increased 0.5% in May, in line with expectations, after a 0.5% rise in April. April's figure was revised up from a 0.4% gain.

The personal consumption expenditures (PCE) price index excluding food and energy rose 0.1% in May, in line with forecasts, after a 0.1% gain in April.

On a yearly basis, the PCE price index excluding food and index increased 1.2% in May, beating expectations for a 0.8% gain, after a 1.3% rise in April. It was the smallest rise since February 2014.

April's figure was revised up from a 1.2% increase.

The PCE index is below the Fed's 2% inflation target. The PCE index is the Fed's preferred measure of inflation.

Upgrades:

AT&T (T) upgraded from Neutral to Buy at BofA/Merrill

Downgrades:

Amazon (AMZN) downgraded to Hold from Buy at Evercore ISI

Other:

The U.S. Labor Department released its jobless claims figures on Thursday. The number of initial jobless claims in the week ending June 20 in the U.S. increased by 3,000 to 271,000 from 268,000 in the previous week. T the previous week's figure was revised down from 267,000.

Analysts had expected the number of initial jobless claims to be 272,000.

Jobless claims remained below 300,000 the 16th straight week. This threshold is associated with the strengthening of the labour market.

Continuing jobless claims rose by 22,000 to 2,247,000 in the week ended June 13.

Stock indices traded mixed on the uncertainty over the debt talks between Greece and its creditors. Yesterday's debt talks between Greece and its creditors ended without any results. Greece rejected on Wednesday a "counter proposal" from its international creditors, according a government source. There are still differences.

"Unfortunately we have not reached an agreement yet, but we are determined to continue work," the head of the Eurogroup Jeroen Dijsselbloem said.

Athens and its lenders failed to reach a deal on tax, pension reform and VAT.

Athens have to repay €1.6 billion IMF loans by June 30.

Meanwhile, the economic data from the Eurozone was soft. German Gfk consumer confidence index fell to 10.1 in July from 10.2 in June. Analysts had expected the index to remain unchanged at 10.2.

The decrease was driven by declines in economic expectations and the willingness to buy. The previously unsuccessful attempts to find a solution to the debt crisis in Greece and a possible Greek default also weighed on the index.

Current figures:

Name Price Change Change %

FTSE 100 6,845.87 +1.07 +0.02 %

DAX 11,452.96 -18.30 -0.16 %

CAC 40 5,034.24 -11.11 -0.22 %

The Spanish statistical office INE released its producer price index (PPI) data for Spain on Thursday. The Spanish producer prices rose 0.3% in May, after a 0.5% increase in April.

On a yearly basis, producer price inflation in Spain fell 1.4% in May, after a 0.9% decline in April. Producer prices have been declining since July 2014.

Producer prices excluding energy climbed 0.7% year-on-year in May, after a 0.6% rise in April.

Energy prices dropped 7.5% in May.

Market research group GfK released its consumer confidence index for Germany on Thursday. German Gfk consumer confidence index fell to 10.1 in July from 10.2 in June.

Analysts had expected the index to remain unchanged at 10.2.

The decrease was driven by declines in economic expectations and the willingness to buy. The previously unsuccessful attempts to find a solution to the debt crisis in Greece and a possible Greek default also weighed on the index.

The economic expectations index plunged to 13.4 points in July to 24.9 in June, while the willingness to buy index fell 5.6 points to 57.0.

The income expectations index climbed by 5.2 points in June and is now at 57.2.

"Despite the dampened climate, private spending remains a pillar of economic growth for Germany. However, the latest development also shows that the consumer climate is exposed to risks from international crises. The struggle for a solution to Greece's debt crisis, which has recently escalated, making a default more and more likely, could cause the motor for consumption, which has been running at top speed, to stutter," Gfk noted.

The French Labour Ministry released its labour market data on Wednesday. The number of unemployed people in France - registered job seekers who are fully unemployed - increased 0.5% in May from April to 3,552,200.

The unemployment in France has continued to increase since French President Francois Hollande took office in 2012.

The French government is struggling to bring down unemployment despite a rise in economic growth.

Debt talks between Greece and its creditors ended without any results yesterday.

"Unfortunately we have not reached an agreement yet, but we are determined to continue work," the head of the Eurogroup Jeroen Dijsselbloem said.

Greek Prime Minister Alexis Tsipras met with European Commission President Jean-Claude Juncker, European Central Bank President Mario Draghi, International Monetary Fund Managing Director Christine Lagarde and Dijsselbloem on Wednesday, ahead of the Eurogroup's meeting.

Athens and its lenders failed to reach a deal on tax, pension reform and VAT.

Greece plans to increase corporate tax rates to 29%, while the creditors want to set the upper limit to no more than 28%.

Athens have to repay €1.6 billion IMF loans by June 30.

Federal Reserve Vice Chair Stanley Fischer said in Stockholm on Wednesday that the Fed plans to adapt the stress-testing framework for three international systemically important insurance companies that it regulates.

"While distress at these firms poses risks to financial stability, particularly during a stressful period, certain sources of risk to these firms are distinct from the risks banking organizations face," he said.

Fischer said nothing about the Fed's monetary policy.

The German thin tank DIW downgraded its economic growth forecast for Germany on Wednesday. The economy is expected to expand at 1.5% in 2015, down from the previous forecast of 2.2%. The downward revision was driven by the weak industrial production at the beginning of the year.

The German economic growth in 2016 is expected to 1.9%.

"The German economy looks stronger at the moment than it actually is," DIW President Marcel Fratzscher said.

He also said that a Greek exit from the Eurozone is an "enormous" risk to corporate investment in Germany.

U.S. stocks retreated as Greece's debt negotiations seemed to have experienced difficulties one more time. Parties still disagree on reform requirements. At the same time some investors were selling off before the end of the second quarter.

The Dow Jones industrial average fell by 178.00 points, or 0.98%, to 17,966.07. The Standard & Poor's 500 fell by 15.62 points, or 0.74%, to 2,108.58. The Nasdaq Composite dropped 37.68 points, or 0.73%, to close at 5,122.41.

Dow component Boeing dropped 1.0% after naming Dennis Muilenburg as its next CEO, effective July 1. The company is also reportedly slowing production of its 747-8 jet due to weak commercial aircraft demand.

In Asia Hong Kong Hang Seng fell by 0.37%, or 101.95 points, to 27,303.02. China Shanghai Composite Index advanced by 0.23%, or 10.59 points, to 4,700.74. Meanwhile the Nikkei declined by 0.18%, or 36.62 points, to 20,831.41.

Asian stocks were also affected by Greece's situation. However yesterday the Nikkei managed to hit an 18-year high reaching 20,868.03.

(index / closing price / change items /% change)

Nikkei 225 20,868.03 +58.61 +0.28%

Hang Seng 27,404.97 +71.51 +0.26%

S&P/ASX 200 5,686.77 +2.49 +0.04%

Shanghai Composite 4,690.08 +113.59 +2.48%

FTSE 100 6,844.8 +9.93 +0.15%

CAC 40 5,045.35 -12.33 -0.24%

Xetra DAX 11,471.26 -71.28 -0.62%

S&P 500 2,108.58 -15.62 -0.74%

NASDAQ Composite 5,122.41 -37.68 -0.73%

Dow Jones 17,966.07 -178.00 -0.98%