The FTSE 100 opened down on Friday morning, with nearly every share trading down an hour after market open.

The FTSE is currently down 0.74 percent at 7,647.73, with the DAX also down 1.27 percent. Other European markets have followed suit, seeing the CAC40 fall 0.23 percent and the IBEX35 down 0.73 percent.

The impending G7 meeting has spooked investors globally, with Canada set to host the world meeting starting today. America is likely to face criticism over its trade policies from the UK, Germany, France, Japan, Italy and Canada, causing uncertainty.

The economic calendar is fairly quiet at this time of year, meaning G7 speculation is likely to have a bigger effect.

Jasper Lawler ofLondon Capital Group told The Guardian that investors were starting to show “unease” over the potential climate at the G7 Summit, culminating in a softer session for Asia and the weaker start in Europe.