European stock markets mixed in early trade Tuesday after eurozone finance ministers sealed a deal on second rescue package for debt-laden Greece.

DAX30 advanced 14.22 points or 0.20 percent to 6,962.47, CAC 40 declined 2.90 points or 0.08 percent to 3,469.64 and the FTSE 100 fell 6.47 points or 0.11 percent to 5,938.78.

Eurozone finance ministers approved long-awaited 130 billion euro ($170 billion) bailout package for Greece during meetings in Brussels, which will help the country avoid the disastrous default next month.

The deal came after several hours of negotiations between the Greek government, eurozone finance ministers, the IMF, the ECB and the IIF. Now Greece must attempt to trim its debt to no more than 120.5 percent of its GDP by 2020. However, investors are concerned that the deal may be a short-term fix to the region's debt crisis.

Oil sector shares were leading the down side as oil prices retreated after rallying Monday on the back of rising prices. Tullow Oil Plc plunged 3.94 percent and BG Group Plc fell 1.09 percent while Petrofac Ltd. declined 0.7 percent.

Among the financials, BNP Paribas surged 2.33 percent and Credit Agricole gained 1.87 percent while Germany's Deutsche Bank declined 0.92 percent and Commerzbank fell 1.01 percent.