LONDON ( The Deal) -- European markets lost some steam on Wednesday amid uncertainty over how Greece's bailout demands will play out as Rupert Murdoch's Sky (BSYBF) and Spanish lender BBVA(BBVA) - Get Report surprised investors with positive results.
In London, the FTSE 100 was down 0.67% at 6,825.67, in Frankfurt the DAX shed 0.59% to 10,827.18. In Paris, the CAC 40 retreated 0.45% to 4,656.93.
New Greek Prime Minister Alexis Tspiras was due to meet in Brussels Wednesday with European Commission President Jean-Claude Juncker, as finance chief Yanis Varoufakis met with European Central Bank President Mario Draghi in Frankfurt.
Uncertainty over Greece overshadowed fresh signs of the eurozone recovery gathering pace, with faster growth in Germany, Spain and Italy lifting the Markit Eurozone Purchasing Managers Index to a six-month high.
In London, Sky was up 1.27% as the pay-TV provider and satellite broadcaster said that net profit more than doubled in the six months through Dec. 31.
Sky, which posted its first results since the combination of Britain's BSkyB, Sky Deutschland and Sky Italia, also just won exclusive live U.K. and Irish broadcasting rights to the British Open starting in 2017.
In Madrid, BBVA added 4% after Spain's second-largest lender swung back to a profit in the fourth quarter.
In Paris, French luxury goods group LVMH Moët Hennessy Louis Vuitton (LVMUY) was up nearly 5% on a bullish outlook for all business groups in 2015 after posting revenue growth in all but one business group for last year.
But in Frankfurt, German high-end fashion label Hugo Boss (BOSSY) slumped 2.7% after posting 2014 sales and earnings that fell short expectations though in line with the company's own targets.
Asian stocks were mostly higher, with the Nikkei adding 1.98% in Tokyo to 17,768.74 and the Hang Seng climbing 0.51% in Hong Kong to 24,679.76.