European shares tread water ahead of Easter break

jueves 2 de abril de 2015 10:05 GYT
 

* FTSEurofirst 300 down 0.2 pct, stuck in tight range

* Investors cautious on Greek negotiations, U.S. payrolls

* Marks & Spencer surges after posting a rise in sales

By Francesco Canepa and Blaise Robinson

LONDON\PARIS, April 2 (Reuters) - European shares dipped on Thursday, trading in a tight range ahead of the Easter break, with Greece still at the forefront of investors' minds after its lenders said Athens needed to do more to unlock financial aid.

Traders also said investors were reluctant to add to their stock holdings, fearing a disappointing U.S. jobs report due out on Friday, when European markets will be shut.

European Union officials said more work was needed on new measures that Athens sent to its creditors 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.

Greece's Athex index was down 0.2 percent, building on a 1.3 percent fall on the previous day. Greek banks fell 1.8 percent.

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