(MENAFN- Saudi Press Agency) European shares fell in early deals on Thursday as hopes of a deal between Greece and its creditors at a summit later in the day receded, further straining investor nerves after weeks of fruitless negotiations, Reuters reported.
Hopes of a breakthrough on Thursday at a meeting of European finance ministers, once seen as the last opportunity for an agreement, looked increasingly remote.
The pan-European FTSEurofirst 300 index was down 0.5 percent at 1,514.21 points, falling for the fourth of the past five sessions. The index was down nearly 7 percent since late May.
German software maker SAP, down 1.6 percent, was one of the biggest drags on the FTSEurofirst after rival Oracle Corp forecast quarterly profit below analysts' estimates.
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