MILAN — European markets fell Tuesday as investors worried whether Greece, after an indecisive election, could form a new government to save it from financial disaster. After Greek conservatives failed to form a government, the baton passed to the Radical Left Coalition leader Alexis Tsipras.
Greek stocks got absolutely wrecked today, crashing by nearly 13%. That's all on the back of the prime minister announcing early presidential elections. People don't think he has enough support from Greece's parliament to get a president approved, which would cause a snap general election.
Athens (AFP) - Greek stocks plunged Thursday for a third straight day as the prime minister urged deputies to elect a new president next week and safeguard the country's fragile economic recovery.The Athens general index closed 7.35 percent down, with the top banks losing 5.29 and 13.89 percent.
London (AFP) - Global stock markets slumped Tuesday as oil prices struck fresh five-year lows, China clamped down on speculative trading and Greece sparked renewed worries about the eurozone. "Misery loves company; never has this been truer than on the markets today," said Connor Campbell at Spreadex traders.
Stocks finished Tuesday mixed, but well off the lows, after all of the major indexes dropped sharply early in the day on Tuesday following overnight declines in Asian and European markets. First, the scoreboard:
Yesterday afternoon's "recovery" has come and gone, because just like that, in a matter of minutes, stuff just broke once again courtsy of a USDJPY which has been a one way liquidation street since hitting 106.30 just before Europe open to 105.6 as of this writing:
European stock markets edged ahead on Friday on upbeat US data but sentiment remained fragile as investors worried that Greece could be heading for a potentially disastrous default.In late morning deals, London's FTSE 100 gained 0.31 percent to 5,903.55 points, the Paris CAC 40 added 0.94 percent to 3,425.06 points and Frankfurt's DAX 30 won 0.85 percent to 6,809.26 points."Equities have been range bound this week as the Greece saga drags on," said Spreadex trader Jordan Lambert.