Greece: FTSE falls on 'no' vote, European markets hit harder but stable

In the first morning's trading since the outcome of the Greek referendum, the FTSE 100 is down 0.52% to 6,551 at 10am. The German Dax fell 1.06% to 10,941 and the Cac 40 was 1.27% lower at 4,747. These levels are an improvement on those seen just after the opening bells, in a possible welcoming by markets of news Greek finance minister Yanis Varoufakis has resigned, potentially paving the way for a more conciliatory approach from Greece to the Eurogroup of nations. The euro is down 0.48% against the dollar, with one euro buying $1.10 of the US currency. In a statement today the ...