FTSE falls to five-month low as Greek deadline looms

Natalie Kenway
clock

The FTSE 100 has fallen to a five-month low in early trading as investors continue to worry about the resolution of latest Greek debt talks.

The FTSE fell as much as 0.7% to 6,651 at the open, its lowest level since mid-January, before settling 0.5% lower at 6,680 by mid-morning. This follows another down day for the index on Monday, as investors worry that Greece will not reach a deal with creditors. Greece needs to seal an extension on its bailout repayments before they expire on 30 June or risk defaulting on its €313bn debt. The latest hurdle saw both sides harden their stances, after creditors walking out of last-minute talks over the weekend. Europe's indices also suffered with Germany's Dax shedding 0.9% and Fr...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Europe

FundCalibre's Schooling Latter: The shifting sentiment in Europe

FundCalibre's Schooling Latter: The shifting sentiment in Europe

Portfolio picks

Juliet Schooling Latter
clock 27 March 2024 • 4 min read
Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Services price inflation remains sticky

Valeria Martinez
clock 01 February 2024 • 1 min read
Eurozone inflation rises to 2.9%

Eurozone inflation rises to 2.9%

Driven by energy prices

Elliot Gulliver-Needham
clock 05 January 2024 • 1 min read
Trustpilot