Rise in mining stocks cushions European shares from Greek woes

jueves 18 de junio de 2015 10:55 GYT

* Mining stocks rally, prop up European equities

* Athens' ATG market touches three-year lows

* Europe bourses in 2015: link.reuters.com/pap87v

* Asset performance in 2015: link.reuters.com/gap87v

By Sudip Kar-Gupta

LONDON, June 18 (Reuters) - A rise in mining shares enabled European stock markets to recover some ground on Thursday, although the Athens bourse touched three-year lows on mounting worries over Greece's debt crisis.

Athens' benchmark ATG equity index touched its lowest level since late 2012, as worries intensified over a deadlock on talks between Greece and its creditors, before edging up 0.4 percent. The ATG remains down 17 percent so far in 2015.

Greece must find a way out of the impasse by the end of June, when it is due to make a 1.6 billion euro repayment to the International Monetary Fund, potentially leaving it bankrupt and on the verge of leaving the euro zone.

However, the broader, pan-European FTSEurofirst 300 index was flat while the euro zone's blue-chip Euro STOXX 50 index advanced 0.4 percent, with both recovering from losses in the previous session.   Continuación...