MILAN — European markets fell Tuesday as investors worried whether Greece, after an indecisive election, could form a new government to save it from financial disaster. After Greek conservatives failed to form a government, the baton passed to the Radical Left Coalition leader Alexis Tsipras.
European stock markets edged ahead on Friday on upbeat US data but sentiment remained fragile as investors worried that Greece could be heading for a potentially disastrous default.In late morning deals, London's FTSE 100 gained 0.31 percent to 5,903.55 points, the Paris CAC 40 added 0.94 percent to 3,425.06 points and Frankfurt's DAX 30 won 0.85 percent to 6,809.26 points."Equities have been range bound this week as the Greece saga drags on," said Spreadex trader Jordan Lambert.
By Frederic Ruffy: Sentiment Stocks are set to finish mixed after a seesaw session Tuesday. The underlying tone of trading was positive at the onset after European equity markets rallied around hopes for a Greek debt deal. However, sellers surfaced in mid-morning trading after data showed an index of Consumer Confidence falling to only 61.1 in January, down from 64.8 the month before and well below economist estimates of 67.0.
World markets tumbled Tuesday as investors worried that Europe's debt crisis would spread despite a $143 billion bailout package for Greece. The Dow Jones industrial average plunged more than 200 points while the broader Standard & Poor's 500 index fell more than 2 percent.» E-Mail This » Add to Del.icio.us