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London
stock market fall after stronger US dollar and falling commodity prices led
the London stock market to drag the heavyweight energy and mining sectors
stocks. Eurozone creditors have put more pressure on Greece to
implement reforms to unleash aid and avoid bankruptcy. The Eurogroup
ended discussions about Greece on Monday after about an hour in
Brussels, as Greek finance minister Yannis Varoufakis was told to map
out a realistic programme of fiscal reforms.
The
FTSE 100 index fell 2.5% to 6702.84 till the end of the day, with
ongoing concerns about Greece further weighing on sentiment. If
during the day market is breaching the support level of 6680 on
downside after consolidation, then it can test the level of 6620 with
the resistance of 6720.
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