European shares slip again on Greek concerns

martes 30 de junio de 2015 07:39 GYT

* FTSEurofirst 300 down 0.5 pct, Euro STOXX 50 down 0.2 pct

* Greece hours away from default, deal on Tuesday seen unlikely

* Luxury sector hit by BAML downgrade

By Alistair Smout and Atul Prakash

LONDON, June 30 (Reuters) - European shares fell again on Tuesday after a German government official said it was too late to consider an extension of Greece's bailout programme and Greece's finance minister said it will not pay a debt installment to the IMF due on Tuesday.

The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index were down 0.5 percent and 0.2 percent respectively by 1126 GMT following the comments.

Greek Finance Minister Yanis Varoufakis said the country would not pay a 1.6 billion euro debt installment to the International Monetary Fund, but Athens still holds out hope of a last-minute deal on an aid package.

"All these mixed messages are making investors more nervous and there is potential for a lot more wobbles to go in the next few days. The possibility of a deal is slim, but it's not zero," Peter Dixon, equity strategist at Commerzbank, said.

European stocks, which had opened lower after Monday's slump, had recovered in mid-morning trading after a report saying Greek Prime Minister Alexis Tsipras was considering a last-minute bailout proposal by the European Commission.   Continuación...