Euro zone stock markets' Greek relief rally fades

viernes 17 de julio de 2015 06:17 GYT
 

* EuroSTOXX 50 down 0.1 pct, FTSEurofirst 300 flat

* Ericsson shares rise but Volvo falls

* 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 mobile network supplier Ericsson, appliance maker Electrolux and Swiss fragrance firm Givaudan . Their shares rose 3 to 5 percent.

Shares in truck maker Volvo dropped 4 percent, however, after Volvo warned that its market conditions were probably reaching a peak in north America.

The EuroSTOXX 50 index was down 0.1 percent, giving up some of its gains from the previous session that were fuelled by fresh expectations for a Greek debt deal and more European Central Bank help for Greek banks.   Continuación...