FTSE 100 index lower on Greece downgrade

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Source: Dukascopy Bank
British FTSE 100 index maintained downward trend on Wednesday as Euro Zone Purchasing Manger Index unexpectedly fell in February, renewing worries about recession risk and Fitch Ratings downgraded Greece from CCC to C. Vedanta Resource provided the main negative contribution to the index, giving up 4.8%. On the negative side were also Marks& Spencer and Carnival Corp, dropping 1.6% and 1.5% respectively. At the moment of writing FTSE 100 index is 0.25% or 14.58 points lower at 5,913.62. 

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Wed, 22 Feb 2012 16:01:03 GMT

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