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Nervous markets lower as Greek deadline looms

CityTue 10.30: The FTSE100 fell again as all eyes in the markets were on Greece and the likely failure to pay its outstanding debt to the IMF.

The blue chip index was off its early lows to sit 28 points lower at 6,592. Markets are also expecting Greece’s people to vote to leave the eurozone, putting Europe’s unity on the line.

Germany and France fell by 0.9%, though Italy, another potential eurozone weak spot, was trading flat.

Only five FTSE 100 members were not showing losses in early trade, with defence group Meggitt the best performer. Arm Holdings was also higher on a read–through from a decent set of results from fellow smartphone chip designer Imagination Technologies.

Weir Group was the top faller, down 2.53% .

 

 

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