AP - World stock markets fell Monday as some investors worried that the three-month rally in share prices may not be justified by economic indicators and as the dollar was boosted by comments this weekend from Russia's finance minister.
LONDON — The euro and European shares fell for a second day on Tuesday as investors worried about the uncertainty over a bailout for Cyprus aimed at preventing a debt default and banking collapse.
Cyprus’s revised draft bill for a levy on bank deposits scraps the measure for savings under 20,000 euros but does not compensate for the resulting lost revenue by raising it for the wealthy.
Global stock markets rose sharply on Monday as the dollar weakened, mirroring surging commodities, while signs of a possible international battle for British confectioner Cadbury focused traders' minds.In London, the share prices of heavyweight miners surged as gold futures reached a record high point, close to 1,170 dollars an ounce, while Cadbury hit a two-year high on reports Swiss food giant Nestle is weighing up a bid for its rival.
"Hitler took over the Sudetenland with such methods," warned German Finance Minister Wolfgang Schaeuble over the weekend, drawing parallels between Putin's push into Ukraine and the start of the Nazi occupation of Europe. This did not go down well in Moscow and German Ambassador Ruediger Freiherr von Fritsch was summoned to the Russian Foreign Ministry as the Russians lodged an official protest.