The Greek stock market dived more than 20 percent on Monday immediately after opening, with the Athex Composite down to 615.12. Piraeus Bank and the National Bank of Greece both plunged 30 percent, the daily volatility limit.Banks account for about one-fifth of the main Athens index.However, some limitations for market trading were kept in place. Greek traders are able to […]
REUTERS/Brendan McDermidTwitter CEO Dick Costolo, right, celebrates the Twitter IPO with Twitter founders, from left, Jack Dorsey, Biz Stone and Evan Williams on the floor of the New York Stock Exchange in New York, November 7, 2013.The European Central Bank (ECB) just put out an interesting study looking at whether Twitter and Google can be used to predict stock market […]
A currency trader walks by a screen showing the Korea composite stock price index at the Korea Exchange Bank headquarters in Seoul. Photograph: Ahn Young-joon/AP
Share prices were sent tumbling across the Asia-Pacific on Monday after Greece’s resounding no vote in the weekend’s bailout referendum raised fears it could be forced to exit the eurozone.While significant losses had not descended into […]
Overheard at The PBOC, The SNB, The ECB, and The Fed…Before we start, it is worth noting that this is the first consecutive quarterly loss for Trannies since Lehman…S&P 2067.89 was all that mattered today – for the biggest US equity market to avoid its first quarterly loss since Q4 2012… It Failed!!Q2 ends with crude the big winner, bonds […]
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) […]
from the original by The Velvet Underground‘Can I have your autograph?’ he said to the bowl-haired Fed ChairYou know, I’ve faded every call you’ve madeFrom small cap stocks to biotech fundsAnd when you dissed ‘valuation’Gee, but I thought you were its main causation (?)You’re over your head right now, and you’re hoping for luckThey’ll come running to you anytime you […]
A man pushes a music box outside of the headquarters of the National bank of Greece in Athens. Photograph: JOHN KOLESIDIS/REUTERS
European shares fell on Friday after Greek bank deposits slumped to a decade low, raising fears that the country is heading towards a disorderly exit from the eurozone.Following a warning on Thursday from Christine Lagarde, head of the International Monetary […]
Yours truly can breath again having held his breath for probably longer than is safe, losing a few brain cells along the way. The enforced hypoxia experienced in my short bund holdings has been somewhat similar to that portrayed in movies where the hero manages to free himself from the sinking car and make it to the surface with only […]
Benchmarks ended higher on Wednesday following rise in oil prices and upbeat earnings results. While, energy shares gained as domestic crude oil price closed at the highest level this year, investors cheered mostly positive first quarter earnings results. Meanwhile, European Central Bank’s decision to keep interest rates unchanged while continuing with its asset purchasing program added to the bullish sentiment.For […]
Benchmarks suffered huge losses on Tuesday as rate hike fears strengthened the U.S. dollar to a multi-year high against major currencies including the euro. Last week’s strong U.S. job numbers injected fears among investors that the Fed may raise interest rate sooner-than-expected. Moreover, stronger dollar had a negative impact on oil prices yesterday. The blue-chip index witnessed its biggest one-day […]
