The Australian sharemarket has opened flat this morning despite a shocking night on international markets as fears over fresh elections in Greece permeate the financial industry.

The benchmark S&P/ASX200 index was down 11.8 points or 0.3% to 4153.7, while the Australian dollar has also actually kept some momentum, hovering at $US0.99c.

In the United States, the Dow Jones Industrial Average fell 33 points or 0.3% to 12,598.6.

This article first appeared on SmartCompany.