European shares rebound on prospect of Greek creditor accord
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By Liisa Tuhkanen and Atul Prakash
LONDON, May 27 (Reuters) - European shares rebounded from a one-week low on Wednesday, supported by the prospect of an accord between Greece and its creditors.
The FTSEurofirst 300 index of top European shares was up 1.3 percent to 1,623.38 points at the provisional close, after falling to a one-week low on Tuesday.
The rebound accelerated on reports of staff-level agreement between Greece and its creditors, traders said.
But European Commission Vice President Valdis Dombrovskis said Greece and its international creditors were not yet at the point of drafting an agreement.
"It clearly shows that the markets have got a reaction on all these occasions as they'd like to see a deal, a continuation of the euro zone as a whole," said IG analyst Chris Beauchamp. Continuación...