Leading shares are suffering sharp falls in early trading, as another sell off in the bond market spooks investors and Greece comes closer to running out of cash despite Monday’s Eurogroup meeting amid talk of a possible referendum.
The FTSE 100 is currently 84.10 points lower at 6945.75, with the recent election rally and positive reaction to China’s latest interest rate cut seeming a long way off. The fall in bond prices – in Europe and overnight in the US – is doing some of the damage, with a number of reasons cited for the decline, including raised inflation expectations, an illiquid market and concerns the European Central Bank might end its bond buying programme early.
via The Guardian
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