European stocks are little changed in early trading on Thursday as markets remain cautious about the Greek debt deal and take a breather after the recent rally. The IMF and the ECB warned that the reform plans are not detailed enough and Athens will have to take further steps to ensure further bailout releases.

Data from Eurozone's biggest economy was better-than-expected. The German Gfk Consumer Confidence Survey index rose to 9.7 from 9.3 in January, slightly better than the forecasts of 9.6.

The FTSE 100 index is currently trading +0.08% quoted at 6,940.63 points. Germany's DAX 30 is trading -0.01 at 11,209.21 points. France's CAC 40 gained +0.02%, currently trading at 4,883.02 points.