Stocks lose more ground as Greece remains centre stage

Natalie Kenway
clock

The FTSE 100 has opened lower once again after US markets suffered their worst one day drop so far this year on continued concerns over a Greek default.

Following a 2.1% drop for the S&P 500 overnight, investors continued selling risk assets on a day in which Greece is unlikely to be able to pay the €1.5bn due to the International Monetary Fund. The FTSE 100 fell 0.7% to 6,592, following on from yesterday's 2% fall, as Greece and its creditors remain at loggerheads despite the former's bailout package expiring today. Crisis point? Four new unknowns for Greece Overnight, the S&P 500 and Dow Jones each recorded their worst one-day drop since 9 October 2014, according to Reuters, as the European Central Bank froze funding for G...

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 Markets

UK fastest growing G7 economy in Q1 2025

UK fastest growing G7 economy in Q1 2025

US records fall in GDP

Patrick Brusnahan
clock 30 June 2025 • 1 min read
Friday Briefing: The markets might not be spooked but they are very worried

Friday Briefing: The markets might not be spooked but they are very worried

Friday Briefing

Eve Maddock-Jones
clock 30 June 2025 • 5 min read
Market Movers blog: US futures up after record-breaking Friday

Market Movers blog: US futures up after record-breaking Friday

Latest news and analysis

Investment Week
clock 26 June 2025 • 1 min read
Trustpilot