FTSE retreats from six-month high as Greek debt talks stall

The FTSE 100 had fallen from its six-month high by mid afternoon, with investor sentiment taking a knock from the latest stumbling block in the Greek debt talks.

Last night eurozone finance ministers refused to give the green light on Greece's second €130bn bailout package, sending ministers back to revise the deal.

The move hurt markets globally, and by late afternoon the UK's leading index remained in the doldrums,

Just after US markets opened, the FTSE 100 is down 0.75% or 44 points to 5,851, drifting away from the six-month high above 5,900 it achieved in yesterday's session.

Miners have dragged the blue chip index lower, with Kazakhmys down 4.5% to £11.24 and Anglo American slipping 4.23% to £27.39.

European markets have followed suit, with the German Dax down 1.8% to 6,668 and the French Cac posting a decline of 1.3% to 3,380.

Meanwhile, shares in the US have followed suit, with the Dow trading in the red in early trading.

The index is down 0.8% or 103 points, at 12,786, while the S&P 500 was off 1% or 13 points, at 1,339.