European Factors to Watch-European equity futures fall as Greek worries linger

viernes 17 de abril de 2015 02:36 GYT

(Adds futures prices, analyst comment)

LONDON, April 17 (Reuters) - European equity futures fell on Friday, with some traders citing ongoing concerns over Greece as the main driver for investors trimming back positions to take profits on the region's stock market rally so far this year.

The euro zone's blue-chip Euro STOXX 50 futures contract fell 0.2 percent. Germany's DAX futures contract declined by 0.5 percent, while France's CAC futures contract fell 0.1 percent.

Greece's economic and political situation remains a concern for many investors, although the Athens stock market ended higher on Thursday after the country's Prime Minister told Reuteres that he was "firmly optimistic" about reaching an agreement with creditors by the end of April despite friction over issues such as pension and labour reforms.

"I think the Greece situation will be resolved but we've had a massive up-turn on the stock markets so far this year, and the underlying concerns are causing some people to take a bit of money off the table," said Darren Courtney-Cook, head of trading at Central Markets Investment Management.

European stock markets have risen to multi-year peaks this year, and both the UK's FTSE 100 and the DAX have set record highs this year, with new economic stimulus measures from the European Central Bank (ECB) helping to offset worries about Greece.

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