Greek political jitters unsettle European equities
LONDON, June 12 (Reuters) - European shares fell on Wednesday, pressured by autos and banks, as concerns over Greek politics pushed regional indexes nearer to key support levels which, if breached, could trigger further losses.
The FTSEurofirst 300 provisionally closed down 0.3 percent at 1,176.14 points, extending weakness from the previous session when concerns that global central banks were looking to fade their stimulus knocked the index 1.2 percent to six-week lows.
Many investors were sticking to the sidelines, evidenced by light trade at just 75 percent of the 90-day daily average.
CMC Markets analyst Michael Hewson said he would be wary of April's low of 6,214 on Britain's FTSE 100, and of the 8,100 points area on Germany's DAX, which are within sight of current levels.
"I would be cautiously long while above these levels - but the fact that there is this debate about the longevity of central bank stimulus means there is potential for a test of these supports," he said. "If they give way (we) could (see) more selling."