Tag Archive for 'Greek'

Stocks, Commodities Advance Before Greek Vote; Euro Erases Loss

Stocks, Commodities Advance Before Greek Vote; Euro Erases Loss
Stocks rose, with a global benchmark index bound for a two-week high, while commodities gained and Asian default risk declined before the Greek parliament votes today on budget cuts aimed at preventing a default. The euro erased earlier losses against the dollar.
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Liberals, not Bachmann, are hypocrites on Medicaid
Timothy P. Carney Senior Political Columnist Follow Him @TPCarney Any outspoken, pro-life, conservative woman will be the target of unfair, almost rabid attacks by liberals in the media. But the latest left-wing talking point against Republican presidential candidate Michele Bachmann is perhaps the stupidest criticism any politician has endured this year. It turns out that Bachmann …
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European shares recover on Greek loan deal hopes

European shares recover on Greek loan deal hopes
European shares rose early on Tuesday on expectations that euro zone policymakers can come up with a solution to save Greece from missing its July debt payment.
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Pakistan detected 1,100 terror cases last year
Pakistan’s intelligence agencies detected 1,100 cases of varied nature of terror activities, said Interior Minister Rehman Malik here.
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Summer Weakness Mostly Behind Us
We’re still expecting the weak summer to continue, although we think that much of the downside has already occurred and that investors can gradually start to dip their toes into equities on days of weakness.
Read more on Indie Research via Yahoo! Finance

90 at 9: Dow and NZ$ slump on recovery fears; Euro slammed on Greek debt worry


Bernard Hickey details the key news overnight in 90 seconds at 9am in association with the BNZ, including news the Dow has fallen more than 2% in late trade on fears about the US and global recoveries. Surprisingly weak jobless claim figures (480000 last week) were a factor. The NZ dollar fell to 68.6 USc, its lowest level since September as appetites for risky currencies globally shrank. The Euro fell to its lowest level since May last year on new fears about sovereign defaults in Portugal, Spain and Greece. Interest rate spreads for their bonds rose sharply, with Greek CDS spreads rising to 425 basis points. A major Greek union threatened a strike, raising worries Greece’s deficit cutting plan may fail. Meanwhile legendary US investor Warren Buffett has been stripped of his prized AAA credit rating by Standard and Poor’s after his big railway buy., Warren Buffett

They Have Problems, but Some Greek Stocks Look Mispriced

They Have Problems, but Some Greek Stocks Look Mispriced
Fool U.K.’s David Kuo talks Greece with Tim Hanson.

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