Nervousness within the possible impact of the Greece crisis on world stock markets as well as having the global economy saw the FTSE 100 retreat another 0.5% today.
The blue chip index slipped 32 indicates 6,588, its lowest level in five months after yesterday’s 2% drop, as Jean-Claude Juncker, head of a given European Commisssion, made a last-minute be willing to persuade the Greek pm Alex Tsipras (both pictured) to take on the bailout used by it as well as other creditors inside the ‘troika’ at the weekend.
Open door…The Commission told Reuters the door was still open for an offer understanding that contacts were underway which will deliver you to Greek government, even though it would have to accept its published proposal. The FTSEurofirst 300 trailed five points or 0.3% lower at 1,525 although European bank stocks recovered a number of yesterday’s losses, with ING of a given Netherlands advancing 2.3%.
Athens stock exchange stayed shut as Standard & Poor’s lowered its credit standing for Greece to ‘CCC minus’ from ‘CCC’, saying the probability of this very country leaving the eurozone was 50%. Although markets remained gripped by uncertainty over a possible ‘Grexit’ there really was some reassuring economic news that are caused by the region. New figures showed eurozone inflation rose by 0.2% in May, down from 0.3% in April and a great distance beginning with the European Central Bank’s target of about 2%.
However, from a nearly absent inflation reading from Germany yesterday, the figure was welcomed.