7th February 2012
The UK's blue chip index the FTSE 100 is presently down by around 30 points (0.5 per cent) as investors continued to feel the pinch over the ongoing eurozone debt crisis.
Following the announcement that ministers in Greece had put off a weighty decision regarding the latest International Monetary Fund, EU and European Central Bank bailout offer for another 24 hours, analysts have predicted markets will continue to slide until the situation is finally resolved, Proactive Investors reports.
"The fact we have not seen a large correction in stock prices thus far indicates that they remain confident that despite the wrangling and delays, an agreement will arise," said chief market strategist at City Index Joshua Raymond.
As of 15:00 GMT, the FTSE 100 stood at 5,862.
On February 1st, solid company results for the last quarter of 2010 helped to push up the index by 1.2 per cent to around 5,748.62.
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