LONDON (Alliance News) - The FTSE 100 looks set to continue its decline Friday as investors continue to face a lack of agreement between Greece and its creditors on an otherwise quiet day in the economic calendar and with Tesco the main focus in the corporate calendar.
Greece's debt situation continues to rumble away for markets after Thursday's negotiations between euozone finance ministers, and separate talks between Greek Prime Minister Alexis Tsipras and the chiefs of the country's creditors - the European Commission, the European Central Bank and the International Monetary Fund - all concluded without any progress. With another meeting of eurozone finance minister scheduled for Saturday, there is likely to be more comments from Greek officials and representatives of its creditors to keep markets on edge Friday.
IG says futures indicate the FTSE 100 to open lower at 6,787.8. The index closed down 0.5% at 6,807.82, ending a run of five successive sessions in the green.
On Wall Street Thursday, US indices reversed a higher open to close lower. The DJIA closed down 0.4%, the S&P 500 ended down 0.3% and the Nasdaq Composite closed down 0.2%.
In Asia Friday, the Nikkei in Tokyo trades down 0.1%, the Hang Seng is down 1.7%, and the Shanghai Composite is off 6.1%. .
In the corporate calendar, there is a first-quarter interim management statement from Tesco, a trading update from media company Trinity Mirror and full-year results from collectibles company Stanley Gibbons.
In the economic calendar, there is consumer confidence data from France at 0745 BST, eurozone private loans data at 0900 BST and the US Reuters/Michigan Consumer Sentiment Index at 1500 BST. Bank of England Governor Mark Carney will be making a speech at the Inclusive Capitalism Annual conference in London at 1545 BST.
By Neil Thakrar; neilthakrar@alliancenews.com; @NeilThakrar1
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