Greece lags steady European shares on election worries

miércoles 10 de diciembre de 2014 05:33 GYT
 

* FTSEurofirst 300 up 0.3 pct after Monday's slump

* Greek shares fall again on election uncertainty

* BMW rallies after deliveries update

By Francesco Canepa

LONDON, Dec 10 (Reuters) - European equity indexes staged a modest rebound on Wednesday, led by German stocks after a strong update from BMW, although worries about Greece capped sentiment.

Greece's main stock index fell 3 percent at 0914 GMT, extending Monday's losses on uncertainty surrounding a parliamentary vote to elect a new president later this month.

If Prime Minister Antonis Samaras fails to secure victory for his presidential candidate, snap national elections could be called that the leftist Syriza party - a fierce opponent of Greece's bailout deal with the European Union and IMF - would likely win.

A 15 percent rally in European shares since mid-October, fuelled by expectations that the European Central Bank would start buying sovereign bonds next year, ran into the sand this week after the Greek government called the presidential elections late on Monday.

Traders worry uncertainty in Greece could cause the ECB to postpone any decision on bond purchases, known in the market as quantitative easing, or QE.   Continuación...