European stocks are little changed in early trading on 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.

French Consumer Spending declined -0.9% in January, more than the expected -0.3%. Year on year Consumer Spending rose +0.6% compared to +0.5%. Data on German CPI due at 13:00 GMT will be in the focus.

The FTSE 100 index is currently trading +0.01% quoted at 6,949.14 points. Germany's DAX 30 is trading +0.05 at 11,332.95 points. France's CAC 40 gained +0.12%, currently trading at 4,916.47 points.