World markets wait on expected weekend Greece deal
World stock markets fell Friday despite strong U.S. economic growth data as investors warily awaited the completion of a support package to keep Greece from defaulting on its debts.
In Europe, the FTSE 100 index of leading British shares was down 43.40 points, or 0.8 percent, at 5,574.44 while France's CAC-40 index fell 14.28 points, or 0.4 percent, to 3,826.34. Germany's DAX was down 9.55 points or 0.2 percent at 6,135.36.
On Wall Street, the Dow Jones industrial average was down 5.89 points or 0.1 percent, at 11,161.43 soon after the open while the broader Standard & Poor's 500 index fell 2.5 points, or 0.2 percent, at 1,204.28.
Once again, most attention in the markets remains on the Greek debt crisis — while most investors expect a bailout loan package to be agreed with the European Union and the International Monetary Fund this weekend, there have been so many shocks and delays in this crisis that they remain reluctant to get too euphoric.
"The situation remains tense with bonds and equities likely to whipsaw until a formal arrangement has been negotiated," said Jeremy Batstone-Carr, director of private client research at stockbrokers Charles Stanley.