LONDON (TheDeal) -- European stocks fell on Tuesday amid investor jitters a day before the next round of debt talks between Greece and its creditors and as falling oil prices pulled energy stocks lower.
In London, the FTSE 100 was down 0.28% at 6,857.32, while on the mainland, the DAX was 0.33% lower in Frankfurt at 11,543.62. In Paris, the CAC 40 shed 0.29% to 4,923.05.
Markets were treading water a day before talks are due to take place in Brussels and Athens on emergency financing for Greece. The pressure is on both sides after Dutch finance chief Jeroen Dijsselbloem warned that "there is no further time to lose" after he chaired Monday's eurozone finance chiefs' meeting in Brussels.
In London, Edinburgh-based oil and gas company Cairn Energy (CRNCY) slumped 6.5% after announcing plans to ramp up its exploration budget this year to $185 million following promising discoveries in Senegal.
Oil and gas stocks overall also continue to be hurt by falling oil prices, with Tullow Oil (TUWLF) down 6%, Ophir Energy (OPGYF) 6.1% lower and Premier Oil (PMOIY) down 6.1% in London morning trading.
U.K. merchant banking company Close Brothers (CBGPY) was down 1.32% as initial excitement faded on its full-year outlook and plans to increase its interim dividend.
But there was plenty of strong corporate news lifting stocks throughout the morning.
In Zurich, Credit Suisse (CS - Get Report) jumped 7.2% after announcing that CEO Brady W. Dougan will step down at the end of June after eight years at the helm and be succeeded by Tidjane Thiam, currently CEO of Prudential (PUK). Prudential shares fell 1.68%.
In a statement, Credit Suisse board chairman Urs Rohner noted that Thiam led Prudential in challenging times, and said his extensive international experience provides a "firm foundation" for leading Credit Suisse.
Leading London stocks higher, Inchcape (IHCPF) rose 6.54% after the automotive retail and services company posted its fifth straight year of double-digit earnings growth and raised its annual dividend by 18%. The company is also bullish on markets in Ethiopia, Russia, South America and China in 2015 as well as emerging markets overall.
Ocado (OCDGF) climbed more than 3% after the U.K. online grocer posted first-quarter sales slightly above expectations and said it expects to continue growing despite tough market conditions.
In Frankfurt, reinsurer Hannover Rueck (HVRRY) was steady after announcing plans to pay a special dividend and raise the dividend for 2014 after posting better-than-expected fourth-quarter earnings.
Despite a challenging outlook for 2015, the world's third-largest reinsurer said it expects asset portfolios to keep growing and is sticking to its forecast of €875 million full-year net income, provided loss expenditure doesn't go over budget and there's no major capital markets turbulence.
Asian markets were mainly lower amid a mixed inflation picture for China, where consumer prices rose a better-than-expected 1.4% in February while wholesale prices retreated 4.8% on weaker commodity prices.
In Hong Kong, the Hang Seng back-pedaled 0.94% to 23,896.98, while in Japan, the Nikkei dropped 0.67% 18,665.11.