Global markets pulled back overnight amid a stalemate between EU finance ministers and Greek bondholders over how to resolve the country's debt crisis.

In Europe the FTSE shed 31 points (-0.5%) to settle at 5752, whilst the CAC also lost 0.5% and the DAX gave up 0.3%.

Stateside, the Dow Jones slipped 33 points (-0.3%) to settle at 12676, whilst the S&P was just 0.1% weaker and the Nasdaq gained 0.1%.

The move lower by US stocks snapped a five-session win streak for the S&P.

The US dollar rose, reaching the highest level this year against the yen as European policy makers and Greek bondholders failed to reach an agreement on a debt-swap plan, spurring safety demand.

Commodities were mainly weaker due to the stronger US dollar, with copper (-0.1%), crude (-0.4%) and gold (-0.8%) all losing ground.

Today's session will bring us important data in the form of CPI and trimmed mean CPI at 11:30am, AEDT.

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Morning Market Analysis: Eurozone Squabbles is a post from: Australian Stock Report Market Pulse Blog