(MENAFN- ProactiveInvestors) US shares were seeing red at the open as investors fretted about Greece and another day of testimony before Congress from Fed chairwoman Janet Yellen.
On Tuesday Yellen spoke about the Fed's flexible stance on when to raise interest rates - not something which investors want to see raised any time soon and there are clearly jitters in the market today.
She said that while overall the US economy was improving the US employment situation was still fragile.
The Dow Jones lost 17 to stand at 18192 while the Nasdaq was flat at 4966 and the broader based S&P500 stood down two points at 2113.
To Europe and the Greek government has now submitted its reform list following the last minute agremeent to a four month extension on Friday. Now the officials at the EU are perusing this and are set to discuss it.
So the matter is still far from over and it is likely to dominate headlines for some time to come not least as a new package will be required in early summer when the old one expires.
Computer giant Hewlett-Packard HPQ shares were weighing down the tech sector as first quarter numbers disappointed.
Revenue fell 4.7% to US$26.8bn due to declines in its enterprise software business and flat PC sales.
Intel Corp was leading the tech losses dropping 1.22% to stand at US$33.9.
In London FTSE 100 lost 43 points to stand at 6908 as hopes of new 7000 level buster fade.
Yesterday the index climbed to an all-time high at 6949.63 up 0.54% on the day.
The previous all-time high was the 30 December 1999 the last trading day of that year when the FTSE 100 closed at 6930.
Among the notable risers was () which shot up over 51%as it told investors it is in discussions with a number of parties which could result in the sale of the company or an asset sale.
The Kurdistan based oil company said the talks are preliminary in nature and as is customary cautioned that there was no certainty that an offer will be received.
GKP is also launching a review of its financing options in light of the potential sales talks and its current liquidity position. It will as a result now engage with its key stakeholders.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.