Greece leads European stocks lower

LONDON/PARIS, Jan 21 (Reuters): European shares snapped a four-day rally on Wednesday with Greeks shares under pressure as anti-bailout party Syriza consolidated its lead ahead of the January 25 general election.

Athens' general index was down 2.3 per cent at 1237 GMT after a survey showed that Syriza, which is running on pledges to end austerity policies and renegotiate Greek debt, has widened its opinion poll lead over the ruling conservatives.

Banks led falls, with Alpha Bank down 7 per cent and Piraeus down 3.8 per cent. Trading volume in Greece remained subdued at less than 40 per cent of the index's full-day average for the past three months.

"We expect the market to remain nervous as the election date draws nearer, with light volumes to persist," analysts at Euroxx Securities in Athens wrote in a note.
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