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Concerns over Greece drags FTSE 100 down on Monday

Xinhua, March 10, 2015 Adjust font size:

FTSE 100 Index, British benchmark stock market gauge, decreased by 0.51 percent Monday, or 35.33 points, to 6,876.47, as concerns about Greece weighed on investors' sentiments.

Greek Finance Minister Yanis Varoufakis dismissed media reports on Sunday about a possible referendum in Greece in the event the country's creditors don't accept the government's policy program.

Greece's 10-year bond yields surged to 10.09 percent on Monday afternoon, data from Bloomberg showed.

Besides, the bond-buying program of the European Central Bank (ECB) started on Monday with the aim of fending off deflation and boosting the euro area economy by pumping more money into the real economy.

Weir Group's share price increased by 4.08 percent, topped the gainers of the blue chips. Glencore, Standard Chartered, easyJet and Legal & General Group increased by 2.56 percent, 1.95 percent, 1.31 percent and 1.18 percent respectively.

CRH led the top losers of the blue chips with a share price drop of 3.90 percent, followed by Experian (2.27 percent), Royal Bank of Scotland Group (2.21 percent), Land Securities Group (2.06 percent) and Travis Perkins (2.04 percent).

The index has gained 5.53 percent so far this year when measured in U.S. dollars. Endit