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FXstreet.com (Barcelona) - European markets are practically unchanged on early trading, with market sentiment subdued as negotiations of a new rescue package for Greece slow down, increasing concerns about debt restructuring. In currency markets the Euro is pulling down from day highs.

Eurostoxx 50 Index edges up 0.1%, while the German DAX Index adds 0.2% and the French CAC Index remains practically flat. In the UK, the FTSE drops 0.28%.

Risk appetite seen in US, after news about Microsoft deal to purchase Skype, has eased in Asia following higher than expected Chinese inflation figures, which have triggered fears about immediate monetary tightening action by the People's Bank of China.

In currency markets the Euro has eased from Asian session highs at 1.4420 to day lows at 1.4365, yet within Monday's trading range, weighed by concerns about Greece's sovereign debt, as the delay on the negotiations for a new rescue package have boosted speculation about more radical solutions like debt restructuring or even default.

GBP/USD remains trading higher, breaching Asian session high at 1.6380 to reach 1.6410, while the USD/JPY recovery from yesterday's low at 80.15 was capped at 81.10 on early Asian session, and the pair eased to 80.65 low at European session opening.

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