European Factors to Watch on June 12
LONDON, June 12 (Reuters) - European markets were seen opening lower on Friday, with the latest twists in Greece's ongoing debt drama keeping investor confidence in check.
Eurostoxx 50 futures were down 0.3 percent at 0611 GMT, while FTSE futures, DAX futures and CAC 40 futures were down 0.3 to 0.5 percent.
European stocks had already lost some of their gains in late trading on Thursday after the International Monetary Fund announced that its delegation had left negotiations over Greece in Brussels and flown home because of major differences with Athens.
Traders on Friday also pointed to a report in German newspaper Bild saying the German government was holding "concrete consultations" on what to do in case of a Greek bankruptcy.
Greece's state minister Alexos Flabouraris said he still hoped for a deal on June 18, while European Commission President Jean-Claude Juncker said the ball was in the Greek court if a deal was to be struck in the coming days.
Despite the twists and turns, equity investors "continue to assume that a compromise will be reached," Deutsche Bank's Nick Lawson wrote in a note to clients.
The pan-European FTSEurofirst 300 remains up 14.4 percent so far this year and is set for its first weekly gain in three weeks. The index is down 5.8 percent from multi-year highs hit in April.
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