Sharemarket falls as euro fears hit world markets, Aussie dollar down

The Australian sharemarket has fallen this morning after fears about the political situation in Greece impacted world markets, including the United States, last night.

The benchmark S&P/ASX200 index was down 38.7 points or 0.9% to 4258.3 at 12.00 AEST.

In the United States, the Dow Jones Industrial Average fell 125.2 points or 0.98% to 12,695.35.

The dollar has continued to fall over fears Greece may not be able to reach a political agreement in order to receive bailout funds.

The dollar fell below parity yesterday, while at 12.00 AEST it was trading at $US0.9969c.

This article first appeared on SmartCompany.