FTSE100 called to open lower after IMF team walks away from Greek talks


(MENAFN- ProactiveInvestors)Britain's blue chips are called to open lower on Friday after muted trading in Asia overnight and as Greek worries continue. Yesterday it emerged negotiators from the IMF had left talks in Brussels amid "major differences" as the saga rumbles on. Bernard Aw at IG Index said the Greek index had commanded attention in the first half of this month. "Greece has until the end of the month to hammer out a bailout package before the IMF debt repayment of €1.7 billion expires on Tuesday 30 June. However given reports that the IMF is withdrawing from its most recent negotiations and that European officials adopting a tough line towards Greek antics it is anybody's guess how the bailout talks may end up" he said. "Perhaps the Greek government should hold a snap referendum to decide if they should accept the latest bailout deal since they seemed adverse to accept more austerity measures in any agreement. Meanwhile the implication of a possible Greek default or a Grexit may not be adequately priced in the bond markets" he added. FTSE100 closed yesterday up 17 at 6847 as Greece news tempered gains but today is called to open around 21 points lower. The benchmark Dow in the US added 39 points while in Japan the Nikkei 225 shed to points to 20372 and the Shanghai Composite index in China is up 49 at the time of writing.


ProactiveInvestors - UK

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