European markets expected a 'No'

European markets were not going to be caught out for the second week in a row and instead only edged slightly downwards in the first trading session since Greeks voted "No" in the bailout referendum. The FTSE 100 dropped by just over 1% in the market open while Germany’s DAX,  Spain’s IBEX, Italy’s FTSE MIB, and France’s CAC all fell by around 2%. Nomura's analysts highlighted late last night that they didn't expect a massive sell-off in the European markets open on Monday, mainly because the announcement of the referendum was such a huge surprise to the markets, and investors were braced for a "constructive outcome to the negotiations," that the markets reacted violently: However, the Asian markets are reacting more negatively, as Hong Kong's Hang Send index is down by over 3.4% and Japan's Nikkei fell around 2%. Meanwhile, after Greek finance minister Yanis Varoufakis announced his shock resignation this morning, the euro surged. Join the conversation about this story » NOW WATCH: Forget the Apple Watch — here's the new watch everyone on Wall Street wants

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Asian markets creep up as the euro sags in deepening Greek crisis

Government official says Greece will not pay €1.6bn loan instalment due to IMF on Tuesday, increasing likelihood it will leave eurozoneAsian shares edged up and the euro sagged in early Asian trading on Tuesday as Greece lurched towards defaulting on a looming debt payment, raising the likelihood of the cash-strapped nation’s exit from the eurozone. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1%, and Japan’s Nikkei stock index added 0.2%. Related: US stocks tumble as market reacts to Greek crisis with biggest fall in two years Continue reading...

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FTSE loses 1% but gold and silver miners on the rise

Investors nervous about Greece, bond falls and interest rate prospectsWith markets in a nervy state again thanks to Greek worries, collapsing bond prices and interest rate concerns, investors were looking for havens for their cash, and turned to gold and silver once more.So among the risers in a falling FTSE 100 were precious metal miners, with Randgold Resources rising 40p to £47.41 and Fresnillo putting on 12p to 713.5p. Continue reading...

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Greek deal puts FTSE at record high

London's FTSE 100 Index is to open at a record high this morning after investor confidence was boosted by an agreement to extend Greece's bail-out terms. The breakthrough came after European creditors approved the list of reform measures being proposed by ...

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