After the ECB shut off ELA, prime minister Alexis Tsipras imposed capital controls while blaming the ECB just as I predicted.Of course, that was an easy prediction. Yet, even at the last moment, many did not believe it would come to this.Let’s tune into the Guardian Live Blog for some details.Bank HolidaySpeaking on live TV, Alexis Tsipras is saying that […]
Market strategist says: ‘This could probably be our worst day in two or three years.’ Photograph: Paul Miller/AAP
More than $35bn was wiped off the Australian stock market in the first hour of trading on Monday as investors brace for an increasingly likely Greek exit from the euro zone.Both the S&P/ASX 200 and All Ordinaries quickly fell about 2%.“Unfortunately this could […]
Myles Udland
Jun. 28, 2015, 4:49 PM
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REUTERS/Yannis BehrakisInside the Athens stock exchange building.It looks like Greece’s stock market is going to be closed for a week. According to a report from the English version of Greek newspaper Kathimerini, the Athens Stock Exchange is going to be closed for a week. Kathimerini reports that, “The Capital Market Commission is expected to announce in the […]
Myles Udland
Jun. 28, 2015, 4:19 PM
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REUTERS/Ralph OrlowskiAt least one trader is paying attention to 3 things on Monday: stocks, European bonds, and the euro.We’re just a few hours from the opening of futures markets in the US, and Wall Street strategist notes are starting to roll in. Over at Bank of Tokyo Mitsubishi, Chris Rupkey writes that right now, the Greek […]
Long queues form at ATMs in Greece early on Monday morning.
Share prices slumped across Europe on Monday as Greece shuttered its banks for a week following a fateful weekend that has shaken Europe’s single currency.The Greek government decided on Sunday night it had no option but to close the nation’s banks the following day after the European Central Bank (ECB) […]
The Capital Market Commission is expected to announce in the early hours of Monday the closure of the Greek stock exchange for at least a week, as financial activity in the country grinds to a halt.Following Sunday’s decision by the Systemic Stability Council (which includes the head of the Capital Market Commission) in favor of the week-long closure of the […]
Update 3: Bloomberg, citing Kathimerini, reports that Greek banks will remain closed until July 6.GREEK BANKS TO REMAIN CLOSED UNTIL JULY 6 : KATHIMERINI
GREEK GOVERNMENT ISSUES CAPITAL CONTROLS, BANK HOLIDAY DECREE
GREEK GOVT LIMITS CASH WITHDRAWALS TO EU60/DAY AS OF JUNE 28
GREEK CAPITAL CONTROLS INCLUDE LOCAL BRANCHES OF FOREIGN BANKS
GREEK GOVT SETS UP COMMITTEE TO APPROVE PAYMENTS ABROAD
Update 2: Greece’s Skai […]
Despite all the talk of “containment” and “Greece doesn’t matter,” not only are we told by anonymous EU officials that some banks may not open Monday but now, a Greek SEC Official has warned…*GREEK BOURSE MAY NOT TRADE MON IF NO ELA EXTENDED: SEC OFFICIAL
Greeks just got CYNK’d (or Hanergy’d).As a reminder, here is the exuberance in Greek stocks from […]
Meanwhile, elsewhere:
SHANGHAI — Share prices in China plunged on Friday in one of the sharpest sell-offs in years, accelerating a downturn this last week in what has been, for much of this year, the world’s best-performing stock market.
China’s two major market indexes fell in tandem. The Shanghai composite fell 7.4 percent on Friday. The Shenzhen composite fell even more, dropping […]
After The Chinese Stock Market Crash There Will Be A Margin Call On $370 Billion Dollars Worth Of Debt Next Week!!!SNIPChina’s stock markets tumbled on Friday to near bear territory further deepening the sell-off that started two weeks ago. The Shanghai Composite, down 7.4% on the day, has fallen 19% from its June 12 high wiping out $1.25 trillion in […]
