European stock edged up on Friday as officials played down concerns a
Greek debt deal may not be reached while Germany's Angela Merkel
expressed confidence in the euro zone's easy monetary policy.
That
kept European equities on track for their first weekly gain in three
weeks as investors bet a recent bond-driven sell-off had gone too far.
Weekly inflows into European equities remained in positive territory,
according to broker data.
The pan-European FTSEurofirst 300 index was 0.2% higher at 15,60.89 by 10:15GMT, recovering from early falls.
European stocks had opened lower after International Monetary Fund announced that its delegation had left negotiations over Greece in Brussels and flown home because of major differences with Athens.
However, they rallied sharply into positive territory, as traders took reassurance from comments from a German spokesperson and the EU's Juncker saying that the IMF had not broken off negotiations.
Greece's Athex index was down 2.3%, having been down as much as 4.2% earlier in the session.
The index dipped after rallying 8% on Thursday, on growing hopes a deal could be reached.
"Given the recent news on Greece we think that slow but positive steps are being made," Atif Latif, director of trading at Guardian Stockbrokers, said.
"The outlook (has gone) from being bleak to more realistic in terms of what the end result might be in terms of concessions."
The pan-European FTSEurofirst 300 index was 0.2% higher at 15,60.89 by 10:15GMT, recovering from early falls.
European stocks had opened lower after International Monetary Fund announced that its delegation had left negotiations over Greece in Brussels and flown home because of major differences with Athens.
However, they rallied sharply into positive territory, as traders took reassurance from comments from a German spokesperson and the EU's Juncker saying that the IMF had not broken off negotiations.
Greece's Athex index was down 2.3%, having been down as much as 4.2% earlier in the session.
The index dipped after rallying 8% on Thursday, on growing hopes a deal could be reached.
"Given the recent news on Greece we think that slow but positive steps are being made," Atif Latif, director of trading at Guardian Stockbrokers, said.
"The outlook (has gone) from being bleak to more realistic in terms of what the end result might be in terms of concessions."
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