London (AFP) - European stock markets retreated on Monday but losses were less sharp than feared after Greece rejected creditors' austerity demands in a weekend referendum.The relatively muted reaction indicated that the result had been somewhat priced-in and that it does not necessarily mean that Greece will crash out of the eurozone, according to analysts.In late morning deals, Frankfurt's DAX 30 shed 1.10 percent to 10,936.75 points and the CAC 40 in Paris fell 1.33 percent to 4,744.41 points. Madrid lost 2.0 percent and Milan slid by 2.73 percent in value.
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Mon, 07/06/2015 - 3:12am
Topics: said rebecca o o london afp frankfurt's dax cac milan ftse finance minister yanis varoufakis investor any top alexis tsipras german chancellor angela merkel french francois hollande greeks central bank emergency liquidity assistance william jackson capital economics eastern romania shanghai china july independence day europe greece greek syriza greece ela ecb losses vote percent markets eurozone rejected austerity monday reaction points added bailout economy muted demands late result banks leader creditors stock friday talks debt market paris index financial
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