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FTSE blog: Markets record further losses despite early promise

The FTSE 100 has made further losses on Tuesday despite an initial rally in early trades.

At close, the blue-chip index was down by 0.5 per cent to stand at 5437.62. The German Dax and the French Cac 40 also fell by 0.8 and 0.6 per cent respectively. All three had initiallly made small gains on Tuesday.

Greek leaders meet again today as the country struggles to form a coalition government. Eurozone finance ministers met on Monday in Brussels to discuss the problems in Greece and Spain.

The FTSE 100 fell by 2 per cent on Monday, while in the US, the Dow Jones was down 1 per cent at close.

Shares in Asia also fell on Tuesday on the back of concerns over Europe. Japan’s Nikkei 225 index was down 1.2 per cent, while South Korea’s Kospi was down 1.4 per cent.

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