European shares fall amid receding hopes of imminent Greek deal

jueves 18 de junio de 2015 03:44 GYT

* FTSEurofirst 300 down 0.4 pct

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By Francesco Canepa

LONDON, June 18 (Reuters) - European shares fell in early deals on Thursday as hopes of a deal between Greece and its creditors at a planned meeting later in the day receded, further straining investor nerves after weeks of fruitless negotiations.

Hopes of a breakthrough at Thursday's gathering of European finance ministers, once seen as the last opportunity for an agreement, looked increasingly remote.

The pan-European FTSEurofirst 300 index was down 0.4 percent at 1,516.44 points at 0734 GMT, falling for the fourth of the past five sessions. The index is down nearly 7 percent since late May.

"People are starting to get worried and there is a bit of taking risk off," said Mike Reuter, a trader at Tradition.

"But there is still support for the market for the next four to five weeks," he added, citing bond-purchases by the European Central Bank and high cash levels waiting to be reinvested.   Continuación...