Chinese stocks have been dropping recently and finally fell into bear-market territory on June 29, closing down 3.3%. The Shanghai composite has fallen over 21% so far from recent highs over the past two weeks as Chinese stocks have been under pressure after an explosion of margin buying over the past year.The stock drop on Monday came as a bit […]
© AFP/File Daniel RolandFrankfurt’s DAX 30 index lost 0.10 percent to stand at 11,088.73 pointsLondon (AFP) – Europe’s main stock markets slipped on Friday with all eyes on Greece’s weekend referendum on its bailout and future place in the eurozone.In late morning deals, Frankfurt’s DAX 30 index lost 0.10 percent to stand at 11,088.73 points and in Paris the CAC […]
By Michael Snyder, on July 2nd, 2015The second largest stock market in the entire world is collapsing right in front of our eyes. Since hitting a peak in June, the most important Chinese stock market index has plummeted by well over 20 percent, and more than 3 trillion dollars of “paper wealth” has been wiped out. Of course the […]
A closed bank in Athens this morning. Photograph: Thanassis Stavrakis/AP
Good morning.The Greek debt crisis is set to sent turmoil through Europe’s financial markets this morning, as the looming prospect of Greece plunging out of the eurozone sends panic through trading floors.Shares are set to tumble in London, Frankfurt, Paris and beyond, after a dramatic weekend which began with Alexis […]
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 […]
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 […]
Nope, no bubble here at all. Biotechs driven by fun-durr-mentals like everything else…*)As Bloomberg reports, perhaps there is a limit it this insanity. Demand for options tied to declines in an exchange-traded fund tracking the companies rose to the highest level in three years relative to bullish ones, according to data compiled by Bloomberg. The Nasdaq Biotechnology Index has risen […]
Facebook set an all-time high today, closing at $88.86 per share, valuing the company at just under $250 billion.Positive analyst sentiment has helped propel the company’s shares in recent days. Facebook traded around $82 as recently as last Friday, making its fresh heights even more notable — a few points for a company as valuable as Facebook mean billions in value being […]
We just received one of the biggest stock market crash indicators we’ve seen since the 2008 financial crisis.A Bank of America Merrill Lynch note today shows the bank’s clients sold more than $4.1 billion in U.S. stocks last week. That’s the largest amount in any week since January 2008, according to analyst Jill Carey Hall.And as this chart shows, most […]
