In the US too stocks fell after fall in US sales and concerns over Greece's financial health. Liam Dalton, president of Axiom Capital Management in New York, said: "There’s really, on a total sum basis, very little growth out there. The companies that are projecting growth and don’t deliver are going to get punished, and investors are going to pay a premium for companies that actually are growing.”
Jonathan Corpina, senior managing partner of Meridian Equity Partners in New York, said: "They did exactly what was supposed to happen with the type of earnings report that they had. Investors are looking headline to headline to headline. It was China and bank reform last week. It was Obama's speech this week, and now today, it's Greece."