Greek woes prompt FTSE's worst month in three years

clock

The FTSE 100 has opened 0.7% higher this morning after recording its worst monthly performance in three years in June.

The index opened up 45 points at 6,564, following on from a month in which it shed some 6.6%. The June performance means the index dropped 0.7% in the first half of 2015 as a whole. Much of last month’s fall has taken place since the start of this week: the blue chip index fell 3.5% between Friday’s close and Tuesday 30 June as Greece called a referendum on creditors’ bailout demands. But Athens’ failure to meet the 30 June deadline for a €1.6bn IMF payment overnight - a move which puts it in ‘arrears’ if not marking an official default - failed to dent the index further this morning...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

OBR chair says leak could have come from 'external person'

OBR chair says leak could have come from 'external person'

OBR faces scrutiny after key document shared before Budget

Jen Frost
clock 27 November 2025 • 2 min read
Budget 25: Early OBR reports downgrades UK growth outlook as fiscal headroom doubles

Budget 25: Early OBR reports downgrades UK growth outlook as fiscal headroom doubles

OBR report released in 'unprecedented leak'

Patrick Brusnahan
clock 26 November 2025 • 1 min read
Budget 25: Council tax surcharge for £2m properties revealed

Budget 25: Council tax surcharge for £2m properties revealed

High Value Council Tax Surcharge in place from April 2028

Jen Frost
clock 26 November 2025 • 2 min read