Greek relief rally fades as euro zone stocks slip

viernes 17 de julio de 2015 04:29 GYT

* FTSEurofirst 300 flat, EuroSTOXX 50 down 0.1 pct

* Some positive corporate updates in non-euro markets

* Investor focus shifting to earnings, U.S. rate outlook

By Lionel Laurent

LONDON, July 17 (Reuters) - Blue-chip euro zone stocks slipped on Friday, with a recent Greece-driven relief rally showing signs of fading as investor focus shifts to the corporate earnings season and the timing of a U.S. interest rate hike.

The trading day looked set to be dominated by U.S. inflation data due later as well as General Electric's earnings.

The earnings season is only just getting underway in Europe, with Friday's batch of results bringing forecast-beating numbers from network supplier Ericsson, appliance maker Electrolux and Swiss fragrance firm Givaudan . Their shares rose 3 to 4.8 percent.

Finland's Fortum sank more than 6 percent, however, after reporting profits well below market expectations.

Beyond these mixed results, there were no bellwether earnings from euro firms. The EuroSTOXX 50 index was down 0.1 percent at 0743 GMT, giving up some of its gains from the previous session that was fuelled by fresh hopes for a Greek deal and more European Central Bank help for Greek lenders.   Continuación...