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FTSE blog: FTSE down 2% at close

16.55: The FTSE was down 2.2 per cent at close as markets continued to suffer from the fallout of the Greek referendum announcement.

The blue-chip index ended the day at 5421.57, a fall of 2.21 per cent. The French Cac and the German Dax also suffered losses of 5.3 and 5 per cent respectively.

In the US, the Dow Jones also joined in with the falls. At 16.55, the index was down 2.24 per cent.

15.48: The FTSE has fallen 2.6 per cent to stand at 5400.29. The French Cac and the German Dax are down 4.9 and 4.6 per cent respectively.

14.53: The FTSE has fallen 2.3 per cent.

14.17: The FTSE 100 is down almost 3 per cent with Barclays the biggest fallers having seen its share price drop over 9 per cent.

13.36: The FTSE 100 is now down 3.3 per cent.

13.10: The FTSE 100 is down more than 3.5 per cent as the fallout from the announcement of a Greek referendum continues to hit share prices across Europe.

At 13.10, the blue-chip index was down by 3.66 per cent to stand at 5341.23.

Markets across Europe have also slumped with the French Cac 40 and the German Dax down 5.7 and 6 per cent respectively. The FTSE eurofirst 300 was also down 4.1 per cent.

12.29: The FTSE 100 is down almost 3 per cent as markets continue to fall on Tuesday.

At 12.29, the FTSE 100 was down 2.93 per cent to stand at 5381.71. Barclays saw the largest losses having fallen almost 10 per cent.

In Europe, the French Cac 40 and the German Dax were down 4.4 and 5.2 per cent respectively.

11.35: At 11.35, the FTSE was down 2.6 per cent to stand at 5401.41, while the German Dax and the French Cac 40 fell 4.1 and 3.6 per cent respectively.

Last week saw markets jump on the news that the Eurozone leaders agreed a 50 per cent debt write-off for Greece as well as bolstering Europe’s bailout fund. However, the referendum announcement has put the brakes on the positive movements in markets.

10:34: European markets continued to fall following Monday’s announcement of a Greek referendum on the latest aid package to solve its debt crisis.

At 10.34, the FTSE 100 was down by 2.4 per cent to stand at 5411.45, while the French Cac 40 and the German Dax were down 3.6 and 3.9 per cent respectively. The FTSE eurofirst has fallen by almost 3 per cent.

In Asia, the Nikkei 225 in Japan was down 1.7 per cent and the Hong Kong Hang Seng was down 2.5 per cent. In the US the Dow Jones was down 2.2 per cent at close yesterday,

Last week saw markets jump on the news that the Eurozone leaders agreed a 50 per cent debt write-off for Greece as well as bolstering Europe’s bailout fund. However, the referendum announcement has put the brakes on the positive movements in markets.

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