European Factors to Watch-Shares seen down, focus stays on Greece
(Updates futures prices, adds company news)
LONDON, June 25 (Reuters) - European shares were expected to extend the previous session's losses on Thursday, with lingering concerns of a Greek debt default following a lack of progress in negotiations with its creditors seen prompting investors to trim their exposure to riskier assets.
At 0647 GMT, futures for the Euro STOXX 50, France's CAC and Germany's DAX were 0.6 to 0.7 percent lower. Britain's FTSE 100 futures fell 0.3 percent.
IG said in a note that Greek uncertainty was once again keeping investors at bay.
"Optimism around a Greek deal had been driving price action all week but a stall in the negotiation process has put the brakes on the rally."
Euro zone finance ministers accused Athens on Wednesday of refusing to compromise despite a deadline next week that could put it on a path out of the euro zone. European Union leaders are due in Brussels for a summit on Thursday.
A senior official of Greece's ruling Syriza party on Thursday attacked the latest proposals from international lenders as "blackmail".
The pan-European FTSEurofirst 300 index closed down 0.4 percent on Wednesday, with the euro zone's blue-chip Euro STOXX 50 index also down 0.4 percent.