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European shares fall, Greek concerns weigh

London - European shares edged lower in early trading on Monday, with lingering concerns over Greece's debt situation prompting investors to trade cautiously at the start of a new week.

German Finance Minister Wolfgang Schaeuble hinted on Saturday that Berlin was preparing for a possible Greek default, drawing a parallel with the secrecy of German reunification plans in 1989.

"There is still no deal on Greece, and that's a concern for many investors," said Clairinvest fund manager Ion-Marc Valahu.

Eurozone finance ministers warned Greece on Friday that its leftist government will get no more aid until it agrees a complete reform plan.

The pan-European FTSEurofirst 300 index was down 0.2% at 1 623.43 points by 09:26.

On the positive side, Volkswagen gained 4% after the resignation of its chair and HSBC rose 3.2% on a report that Europe's biggest bank was weighing plans to spin off its British retail bank.

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Rand - Dollar
19.22
-0.1%
Rand - Pound
23.75
-0.2%
Rand - Euro
20.51
-0.3%
Rand - Aus dollar
12.39
-0.1%
Rand - Yen
0.12
-0.1%
Platinum
920.60
-1.1%
Palladium
1,002.00
-1.3%
Gold
2,303.22
-1.0%
Silver
26.83
-1.3%
Brent-ruolie
87.00
-0.3%
Top 40
67,612
+0.2%
All Share
73,570
+0.0%
Resource 10
58,718
-3.6%
Industrial 25
102,478
+1.4%
Financial 15
15,822
+1.3%
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