European equity rally halted by Greece and weak corporate figures

martes 27 de enero de 2015 07:17 GYT

* FTSEurofirst 300 slips back after eight-day rise

* Greek stock market underperforms for second day

* Ericsson and Philips fall after weak updates

* Swiss stock market rises on SNB intervention talk

By Sudip Kar-Gupta

LONDON, Jan 27 (Reuters) - Renewed concern over Greece and weak results at companies such as Siemens and Philips halted a winning run on European stock markets on Tuesday.

The pan-European FTSEurofirst 300 index, which had risen for the last eight sessions, slipped back by 0.3 percent to 1,484.07 points going into the middle of the trading session.

The euro zone's blue-chip Euro STOXX 50 index also declined 0.7 percent, retreating after a similar eight-day winning streak. Those gains were ignited by the European Central Bank's plans to buy back government bonds to spur growth in the struggling euro zone economy.

Greek shares underperformed for the second day in a row. The benchmark Athens ATG equity index fell 2.6 percent and Greece's borrowing costs rose.   Continuación...