European shares rangebound ahead of Easter break

jueves 2 de abril de 2015 04:14 GYT
 

* FTSEurofirst 300 down 0.1 pct, stuck in tight range

* Marks & Spencer surges after posting a rise in sales

* Investors cautious ahead of U.S. payrolls

By Blaise Robinson

PARIS, April 2 (Reuters) - European shares dipped on Thursday morning, trading in a tight range ahead of the Easter break, with Greece still at the forefront of investors' minds after the country sent an updated list of reforms to lenders.

Greece sent a new list of measures to its creditors on Wednesday to try to unlock financial aid and avoid a default. But euro zone officials said more work was needed before they could release more money.

On Wednesday Greece denied it would delay a payment to the International Monetary Fund due on April 9, after the interior minister was quoted as saying Athens would do so if it did not get fresh aid from lenders.

"Despite the denial, investors are getting concerned about Greece again. European leaders are losing patience, and we can't exclude a spike in risk aversion in the coming weeks," Alexandre Baradez, chief market analyst at IG France.

Shares in Marks & Spencer rose 5.4 percent after the British retailer posted its best non-food sales performance for nearly four years as it started to put its online distribution problems behind it.   Continuación...