LONDON, May 17 (Reuters) - European shares edged lower at
the start of trading on Thursday, having closed down during the
last three sessions, as fears over Greece and Spain continue to
weigh on sentiment, traders said.
The pan-European FTSEurofirst 300 index initially
rose 0.05 percent to 993.32 points but then fell back quickly
into negative territory. The index was down 0.2 percent at
991.09 points by 0706 GMT.
"Questions still remain about Europe," said ClairInvest fund
manager Ion-Marc Valahu. "I'm not taking any long-term positions
on the market at the moment - it's too dangerous," he added.
Germany's DAX was up by 0.1 percent, while France's
benchmark CAC-40 index slipped by 0.1 percent.
Spain's IBEX index, which has dropped sharply in
recent weeks due to concerns over the country's banks, was up by
0.2 percent, although El Mundo newspaper reported that Bankia
customers had taken out more than 1 billion euros from
their accounts over the past week.