The UK’s blue-chips ended the day lower, following European markets on a day that saw Greece defer its payment to the International Monetary Fund.
It gives the under-pressure government breathing room and time to find a creditor, something it has struggled to do so far.
It looks as though Russia is willing to step up as Vladamir Putin and Tsipras held a phone meeting earlier today to discuss a possible backing.
Meanwhile in the US, there were 280,000 new jobs generated in May - the biggest gain since the end of 2014 - as most industries added workers after a slowdown in hiring earlier in the year.
Back in the UK, the FTSE 100 ended the session 55 points down at 6,804 with high street bellwether Marks & Spencer (LON:MKS) leading fallers.
Chief executive Mark Boland is to earn a £600,000 in bonuses as part of a bonus roll-out across the company after it hit profit expectations. Shares slipped 2.85% to 561p.
Vodafone (LON:VOD) was also lower, 2.4% to 242p, as it ruled out a merger with US cable giant Liberty Global.
The mobile operator said it is in talks with John Malone’s company about swapping certain assets, but investors were left disappointed.
Also near the bottom were supermarkets Tesco (LON:TSCO) and Morrisons (LON:MRW) after Deutsche Bank lowered its price targets on the pair.
Morrisons’ shares eased 2.6% to 173p while Tesco was 1.25% lower at 206p.
On a more positive note, the Royal Bank of Scotland (LON:RBS) was boosted by the news that the UK government may start selling shares to avoid a sale clashing with the privatisation of Lloyds (LON:LLOY).
Shares rose 1.5% to 357p making it the index’ biggest gainer on the day.
In small caps, Southeast Asia-based cloud service provider RapidCloud (LON:RCI) announced it has raised £1.74m by way of a subscription for 3,231,138 new ordinary shares. Shares rose 22% to 47.5p making it the day’s biggest riser.
Conversely, shares in Sovereign Mines of Africa (LON:SMA) almost halved after the release of full-year results that have taken almost six months to compile.
The company has written down the value of its flagship Mandiana gold project in Guinea by £3.7mln, resulting in a loss for the year of £3.88mln. Shares eased 48% to 0.25p making it the biggest faller of the day.
Iodine specialist Iofina (LON:IOF) shed 20% to 24p as authorities in Montana knocked back plans for a water supply business for oilfield service companies.
Amphion Innovations (LON:AMP), the developer of medical and technology businesses, has raised £1.54mln through a placing of shares at 5.25p each.
The placing was oversubscribed and follows a good run for the shares that has seen them rise from 6p at the end of last week to 8.75p last night. Share slipped back 20% to 6.99 p on the news today.