“By declaring Greece in arrears, the IMF avoided using the term ‘default,’” says this morning’s New York Times.If you read yesterday’s 5 Minute Forecast, you already knew that’s what would happen. The Greek government missed a $1.7 billion payment to the International Monetary Fund. But don’t call it a default.The U.S. finance industry played this game a few years ago. […]
Some traders like to gamble on big news events that could have a dramatic effect on a particular stock. For example, the release of a company’s earnings report could cause an underlying stock to jump to new highs or drop to significant lows. While this may not interest all investors, it does prove to be a point of intrigue for […]
Akin Oyedele
Jun. 29, 2015, 10:37 AM
1,350
Bloomberg TVTom LeeUS stocks have started the week firmly in the red.It’s the first big reaction to the bad news from Greece over the weekend, as it heads into a missed payment to the IMF on Tuesday, and implements capital controls all week long.As stocks sell off, there’s the question of how all of this […]
FinVizStocks are rolling over.Near 2:35 pm ET, stocks were at their lowest levels of the day with the Dow down 300, the S&P 500 down 37 points, and the Nasdaq down 104. The Nasdaq was the day’s biggest loser on a percentage basis, falling more than 2%, while the S&P 500 was down about 1.8% and the Dow was off 1.6%. With […]
© 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 […]
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
748
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 […]
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 […]
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 […]
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 […]
