European shares recover despite Greece unease

jueves 25 de junio de 2015 09:28 GYT

* Pan-European FTSEurofirst 300 index down 0.2 pct

* Greek shares reverse earlier losses

* Endesa up after report of private-equity interest

* Hennes & Mauritz slips after warning on dollar (Updates throughout)

By Atul Prakash and Lionel Laurent

LONDON, June 25 (Reuters) - European shares trimmed losses in late trading on Thursday as talks began in Brussels on a financing-for-reforms deal with Greece to avert a fast-approaching possible debt default.

The pan-European FTSEurofirst 300 index was down 0.2 percent at 1,573.02 points by 1319 GMT after falling to 1,565.71 earlier in the session.

However, telecoms stocks were standout gainers as investor expectations of deal-making remained high in the wake of Vivendi's stake increase in Telecom Italia.

Greek markets rose with traders citing growing optimism for some kind of deal despite grinding uncertainty over the outcome of the talks in Brussels and varying opinions on whether the markets expect a Greek default.   Continuación...