Greek stock exchange plummets 23% as it reopens after 5-week …

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 […]

Yanis Varoufakis defends secret plan B; Chinese stocks tumble

Yanis Varoufakis has just released a statement defending his work creating a parallel payment system during his time as finance minister.The statement, from “the Office of Yanis Varoufakis”, insists that he was fully authorised to carry out the work.It also criticises the media for their “far-fetched” articles, and denies the claim that he ever planned to hijack all taxpayers tax […]

European stock markets slip awaiting Greek vote – Business Insider

© 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 […]

European stock markets plunge on Grexit fears – Business Insider

© AFP/File Daniel RolandShortly after the start of trading, Frankfurt’s DAX 30 was showing a loss of 4.26 percent to 11,003.17 pointsLondon (United Kingdom) (AFP) – European stocks dived in early trading Monday as investors fear Greece could be heading for a eurozone exit, with a number of indices shedding more than four percent.The European single currency earlier dropped below […]

It's Going To Be An Interesting Week: After The Chinese Stock …

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 […]

Sweden's Largest Fund Manager Is Quietly Dumping Stocks Before …

In a time of constant handwaving, hair-tearing and op-eds discussing the perils of the collapse in market liquidity due to central planning even as investing experts double down every single time there is a 1-2% “plunge” in the markets because, well, if you don’t BTFD your HFT competitor will, one firm has decided to put its money where everyone else’s […]

Stock Market News for June 18, 2015 – Zacks Investment Research

Benchmarks ended Wednesday’s choppy trading session slightly higher after Fed officials said the economy is ready for a rate hike this year. Meanwhile, Janet Yellen emphasized that the timing of a rate hike isn’t important; instead the focus should be on the pace and trajectory of rate hikes.For a look at the issues currently facing the markets, make sure to […]

Provident Fund Body Taps LIC to Understand Stock Market …

New Delhi: Ready to begin investing in stock markets with an exchange-traded basket of PSU stocks, Rs 6.5 lakh crore retirement fund manager EPFO has tapped state-run LIC to understand the contours of the equity investments.The Employees’ Provident Fund Organisation (EPFO) has also held discussions with the capital markets regulator Sebi in connection with the proposed investment of a part […]

When Janet Yellen starts talking about stocks, hit mute

Putin biographer: He’s not dead — but chaos is brewing in the Kremlin by : Friday 02:45:00 CTCategories: markets, streamThere’s something going on behind the scenes in the Kremlin.Russian president Vladimir Putin hasn’t been seen in public since March 5. (Video featuring Putin on March 13 was not live.)Analysts are speculating that his absence suggests there may be a […]

Eurozone backs Greek reforms, enabling €172bn rescue extension …

Eurozone backs Greek reforms, enabling €172bn rescue extensionPublished time: February 24, 2015 09:43Edited time: February 24, 2015 15:03Get short URLReuters / Yves HermanTagsFinance, MarketsGreece’s eurozone creditors have approved the reform plan it put forward, which paves the way for the country’s €172 billion bailout to be extended until June.“National procedures for extension of the Greek programme can begin,” EU Euro […]