FTSE falls as Euro woes weigh on shares

clock

The FTSE 100 was down in early trading as ongoing uncertainty about the Greek bailout hit markets and sent the euro lower against the dollar.

The FTSE 100 opened down 0.36% at 5,815 points, with the majority of shares in the red, led by retailer Next. Shares fell as investors shunned risk assets amid the EU's continued push for a resolution of Greece's bailout. The Financial Times reported European leaders are trying to finalise measures which ensure the Greek government delivers on a privatisation plan which could see it sell off up to €300bn of assets. However, with no deal as yet decided, investors punished the euro, sending it down 0.5% against the dollar to $1.4019. Shares were also hampered by moves further afie...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Five-fold surge in advisers buying gilts for clients in 2024

Five-fold surge in advisers buying gilts for clients in 2024

AJ Bell finds 436% increase in gilt purchases on its Investcentre

Isabel Baxter
clock 10 February 2025 • 1 min read
Bank of England cuts interest rates by 25bps to lowest level in 18 months

Bank of England cuts interest rates by 25bps to lowest level in 18 months

First MPC meeting of the year

Sorin Dojan
clock 06 February 2025 • 3 min read
Trump's realised tariff threats sends markets and currencies into a tailspin

Trump's realised tariff threats sends markets and currencies into a tailspin

US sets sights on EU next

Eve Maddock-Jones
clock 03 February 2025 • 2 min read