Protests in Greece cause uncertainty among traders

People trying to learn the stock market may be interested to learn that one expert has asserted that the recent protests in Greece have had an adverse impact on trader confidence.

Speaking to Reuters, night dealer at Capital Spreads Jonathan Sudaria observed that the uncertainty surrounding the country's decision over the bailout package has led to traders becoming more cautious.

A deal was negotiated last week in which banks agreed to accept 50 per cent losses on loans to the indebted European country.

"However, given the prolonged and violent nature of the protests that have been seen in Greece, markets aren't as confident," he commented.

Today, the FTSE 100 index is expected to open one per cent down, according to financial bookmakers.

However, Mr Sudaria noted that Greece's prime minister George Papandreou appears to be confident that the people in the country will vote to remain in the eurozone.

Posted by Greg Secker