LONDON — Europe’s markets all slipped in trading Friday morning.
The FTSE 100 in London fell 0.9 percent to 6,744.06, while the CAC 40 in Paris, DAX in Frankfurt and FTSE MIB in Milan were each down 0.4 percent, to 5,024.25, 11,427.28 and 23,537.96, respectively.
Investors were downbeat as Greece has still not agreed to a deal with its creditors, ahead of its deadline Tuesday to pay its 1.6 billion euro debt to the International Monetary Fund (IMF). Greece and its European creditors are reported to be unable to reach agreement over issues such as further spending cuts, which the IMF wants and Greece is resisting, as is the case for cuts to pension payments and public sector salaries.
Fashion, luxury and retail stocks had an uneven start to the day.
Those that fell included Jimmy Choo, 1.8 percent to 1.58 pounds; Koovs, 3.9 percent to 0.72 pounds; Swatch Group, 1.4 percent to 72.90 Swiss francs, and Asos, 1.9 percent to 38.93 pounds.
Risers numbered French Connection, 1.4 percent to 0.45 pounds; Boohoo.com, 1.8 percent to 0.28 pounds, and Tesco, 3.4 percent to 2.25 pounds.
Tesco rose as the British supermarket chain reported a 1.3 percent fall in its U.K. same-store sales for the 13 weeks ended May 30, a narrowing of the 4.1 percent fall it recorded in the same period last year. The 1.3 percent decline was also less of a fall than analysts had expected.
At 12:04 p.m. CET, the pound traded for $1.57, while the euro went for $1.12 and the Swiss franc for $1.07.