Rise in mining stocks cushions European shares from Greek woes

jueves 18 de junio de 2015 12:42 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 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. The ATG edged back to close 0.4 percent higher but remains down 17 percent in 2015.

Greece must find a way out of the impasse by the end of June, when it is due a 1.6 billion euro ($1.8 billion) 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 closed up 0.2 percent while the euro zone's blue-chip Euro STOXX 50 index advanced 0.6 percent, with both recovering from losses in the previous session.   Continuación...