Markets edge lower on Greek debt deal uncertainty

European markets edged lower this morning, echoing falls across Asia overnight, as investors showed caution over the outcome of the Greek debt swap deal.

London's FTSE 100 edged down 0.53% to 5,7002 this morning, while the German Dax dropped 0.57% to 6,375 and the Cac 40 fell 0.67% to 3,296 soon after opening. The euro also slipped 0.5495% against the dollar dropping to $1.3148. Investors are nervously awaiting the outcome of the Greek debt swap deal, which will determine whether or not the troubled economy will be able to repay €15bn of its debt due in March. Last night, Greek Prime Minister Lucas Papademos warned unless the country's international backers agreed to a new bailout, Greece would be unable to pay off its loans and wou...