UK shares drop amid uncertainty over Greece

Note: This section contains information in English only.
Source: Dukascopy Bank SA

UK equities were slightly lower amid increased cautiousness as the EU officials met in Luxembourg to discuss spreading debt crisis in the region. Adding pressure on the UK stocks, Dow Jones reported that Greece's creditors have not reached an agreement on how to combat crisis in the country yet. Moreover, manufacturing output in the UK dropped more than expected while the national goods trade deficit widened more than estimates in August. The FTSE 100 Index slumped 0.22% to trade at 5,828.99. Only three in ten sectors within the index rose. The top-gainers were basic material producers amid optimism over China. Shares of Anglo American, BHP Billiton and Eurasian Natural Resources jumped 2.55%, 0.86% and 2.18%, respectively. Financials also climbed, with HSBC and Royal Bank of Scotland adding 0.20% and 0.66%. On the downside were consumer goods and telecommunications, losing 1.12% and 1.08%. British American Tobacco fell 1.98% while Vodafone Group shed 0.89%.


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