The FTSE 100 sold-off in early trading as optimism over the EU's latest deal to tackle the crisis faded and investors dumped risk assets.
By mid-morning the blue chip index was down 48 points or 0.9%, at 5,481 points, as investors sold off risk assets across the board in the wake of the talks in Europe. With the UK moving to veto the changed treaty, the remaining members will now look to introduce a package of measures designed to shore up governments' balance sheets, reduce debts, and enforce more fiscal discipline on peripheral economies. However, with the region still facing massive economic challenges, markets across Europe were downbeat. The French Cac 40 was down 1.7% or 54.4 points at 3,117 points, while the G...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes