European shares edge lower as Greek deal optimism fades

jueves 28 de mayo de 2015 03:48 GYT

* FTSEurofirst 300 down 0.3 pct, Greek shares down 0.4 pct

* Optimism about Greek deal fades

* Tech shares outperform on fresh M&A activity

By Francesco Canepa

LONDON, May 28 (Reuters) - European shares edged lower at the open on Thursday, giving back some of the late gains made the previous day as optimism about a possible deal between Greece and its creditors faded.

Wednesday's rally had been fuelled by reports of a staff-level agreement between Greece and its creditors but German Finance Minister Wolfgang Schaeuble later said there was not much progress in the talks.

"The Greeks say we're making good progress and then you have some of the finance ministers saying 'no'," Mike Reuter, a trader at Tradition, said.

"There are so many problems still and some people think there won't be a solution this week, so, given that volumes are terrible, there is a chance again today and tomorrow that we'll see a bit of weakness in the market."

The FTSEurofirst 300 index of European shares was down 0.3 percent at 1,617.55 points at 0734 GMT after a 1.3 percent rise the previous day.   Continuación...