FTSE drifts into negative territory - 13 June 2012

The FTSE has drifted into negative territory following a positive start as investors remain unwilling to expose themselves further to equities when there’s still so much uncertainty around.  A closely watched Italian debt auction was poorly received as the country saw its borrowing costs soar adding to the concern that investors have surrounding the whole eurozone debt crisis.  Even though it’s a few days away the Greek election this week end is also at the forefront of everyone’s mind as Europe continues to dominate.