Stock indices declined due to escalating violence in the Middle East. Investors monitor closely the situation in Iraq because increasing oil prices could have a negative impact on a global economy.

Market research group Gfk released its consumer climate index for Germany. The consumer climate index is expected to increase to 8.9 in July from 8.6 in June. June's figure was revised up from 8.5. Analysts had expected the index to rise to 8.6.

Current figures:

Name Price Change Change %

FTSE 100 6,745.6 -41.47 -0.61%

DAX 9,901.52 -36.56 -0.37%

CAC 40 4,490.08 -28.26 -0.63%