- Nicholas Spiro, managing director of Spiro Sovereign Strategy
European stocks were little changed on Friday after German Chancellor Angela Merkel said Greece must stick to what it has promised to stay in the Eurozone.
The Stoxx Europe 600 Index gained 0.12 per cent to 268.00. Germany's DAX Index advanced 0.31 per cent and France's CAC 40 Index added 0.02 per cent.
"The two issues which concern investors the most right now -- a Greek exit from the euro zone and an ECB-backed bond-buying program for Spain and Italy -- are a persistent source of concern," said Nicholas Spiro, managing director of Spiro Sovereign Strategy in London.
"September is a crunch month when sentiment is likely to be extremely volatile. There are already signs that investors will be disappointed."
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