European Markets Retreat Amid Greek Debt Uncertainty; BBVA, LVMH, Sky Advance on Results

European markets lost some steam on Wednesday as uncertainty over how Greece’s bailout demands will play out overshadowed fresh signs of the euro-area recovery gathering pace, with faster growth in Germany, Spain and Italy lifting the Markit Eurozone Purchasing Managers Index to a six-month high. Spanish lender BBVA rose in Madrid after swinging back to a profit in the fourth quarter. In Paris, French luxury goods group LVMH Moet Hennessy was up after giving a bullish outlook for all business groups in 2015. And in London, Rupert Murdoch’s Sky was up as it posted its first results since the combination of Britain’s BSkyB, Sky Deutschland and Sky Italia.