LONDON — Europe’s markets all dipped in trading Tuesday morning.
The DAX in Frankfurt fell 0.9 percent to 11,338.43, followed by the FTSE 100 in London, down 0.8 percent to 6,899.06. The FTSE MIB in Milan and the CAC 40 in Paris each lost 0.6 percent, to 23,287.54 and 4,996.19, respectively.
Investors’ continued concerns over the likelihood of Greece agreeing to a debt deal with its creditors pushed stocks down. The country is due to make a 300 million euro, or $328 million, payment to the International Monetary Fund (IMF) on Friday. In Berlin, Germany’s Chancellor Angela Merkel, France’s President François Hollande and European Commission President Jean-Claude Juncker are discussing Greece’s debt situation, together with European Central Bank President Mario Draghi and the IMF’s Managing Director Christine Lagarde.
Fashion, luxury and retail stocks were also largely in negative territory.
Those that fell the most included Sainsbury’s, down 2.3 percent to 2.42 pounds; MySale Group, 5.3 percent to 0.54 pounds; Boohoo.com, 1.4 percent to 0.26 pounds, and Tesco, 1.6 percent to 2.06 pounds.
The few risers numbered Ted Baker, up 1.6 percent to 29.19 pounds; Italia Independent, 0.8 percent to 34.98 euros, and LVMH Moët Hennessy Louis Vuitton, 2.2 percent to 166.75 euros.
At 11:20 a.m. CET, the pound traded for $1.52, while the euro changed hands for $1.09.