Greek vote fails to derail Europe's ECB-driven share rally

lunes 26 de enero de 2015 13:35 GYT

* Athens stocks fall 3.2 pct after anti-austerity Syriza win

* FTSEurofirst 300 up 0.6 pct to new 7-yr high

* Investors take profit on Greek uncertainty

* QE optimism contains damage in markets (Updates with closing prices)

By Alistair Smout

LONDON, Jan 26 (Reuters) - Greek stocks fell in volatile trade on Monday after anti-austerity party Syriza swept to victory in Sunday's election, while other European equities kept rising on the promise of European Central Bank bond-buying.

Athens's ATG index fell 3.2 percent, led lower by a slump in banks such as Piraeus Bank, down 17.6 percent, and Alpha Bank, down 11.6 percent, as investors fretted about a possible stand-off with Greece's EU/IMF lenders and possible implications for liquidity and depositor confidence in the sector.

Greek shares briefly turned positive in volatile trade before turning lower again, after leftwing leader Alexis Tsipras struck a deal to form a government with a right-wing party that also opposes the terms of Greece's 240 million euro bailout.

Syriza has promised an end to years of painful austerity and said it wants Greece's debts restructured, which could put Athens on a collision course with euro zone partners and threaten its continued membership of the single currency.   Continuación...