Category Archives: Euro Zone

World Stocks Sink on Renewed Eurozone Fears

Stock markets around the world sold off sharply Tuesday as renewed fears of market instability seized investors. The Euro continued it’s slide and markets from Asia to the Eurozone had steep declines in reaction to the Bank Of Spain’s actions over this past weekend, where the Bank took over a Spanish bank that was unable [...]

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German Ban Weighs on Stock Futures

By:  STEVE GOLDSTEIN U.S. stock futures dropped Wednesday, the first day of the hastily drawn-up German short-sale ban, which served to reinforce rather than dispel worries over the health of European governments and the lenders that possess their debt. More than two hours before the start of trading, Dow Jones Industrial Average futures were 68 [...]

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Asian Shares Weaken; Dragged By Continued Europe Worries

By:  Colin Ng Of DOW JONES NEWSWIRES SINGAPORE (Dow Jones)–Asian stock markets were lower Monday, dragged by heavy losses on Wall Street Friday and ongoing concerns about troubles in the euro zone. Resource stocks were beaten down in Sydney as commodities prices fell. Markets were “predictably” weak after the falls in U.S. and European equities, [...]

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New Record Bet Against Euro

  By: Don Curren Things just keep looking worse for the euro. Investors increased their bets against the currency to a new record level, according to data released Friday, as the euro weakens sharply in response to market concerns about the longer-term implications of the massive euro zone rescue plan. Net speculative bets–called shorts–against the [...]

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Brazil Stocks Decline Early Tracking Worries Abroad

By Gerald Jeffris: Of DOW JONES NEWSWIRES BRASILIA (Dow Jones)– Brazil’s Bovespa stock index extended recent declines in early trading Friday as the local market followed trends abroad spurred by continued concerns over fallout from fiscal woes in Europe. As of 1345 GMT, the main Sao Paulo stocks index declined 1.8% to 63,569 points after [...]

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Euro drops below $1.25 on growth concerns

BERLIN (AP) – The euro continued its decline against the U.S dollar on Friday, dropping below $1.25 amid worries over the cost and economic impact of an emergency financing deal for indebted European countries. The 16-nation euro had taken a breather in early trading after sliding to $1.2520 in New York late Thursday, but then [...]

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GLOBAL MARKETS: European Stocks Fall; Bailout Reassessed

By Michele Maatouk & Ishaq Siddiqi    Of DOW JONES NEWSWIRES LONDON (Dow Jones)–European stock markets were sharply lower Tuesday, along with the euro, as investors began to reassess the viability of the EUR750 billion euro zone rescue package. “Yesterday’s strong rally following the euro-zone bailout announcement has halted as questions marks over whether the [...]

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European Markets Surge

By: ISHAQ SIDDIQI European stock markets pushed sharply higher Monday, while sovereign debt markets slumped, as market participants reacted to news of a hefty €750 billion ($955 billion) rescue package to stabilize the euro and prevent the Greek debt crisis from affecting other member countries. The Stoxx Europe 600 index jumped 5.9% to 251.09. London’s [...]

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Greek Bonds Still Under Pressure

By:  KATIE MARTIN LONDON—Greek bonds buckled Wednesday as investors flocked to safe havens amid mounting fears that other euro-zone countries could suffer a fate similar to Greece. Markets were already under pressure after Standard & Poor’s Corp. downgraded the debt of both Portugal and Greece. That double-whammy took Greece down to junk status and reinvigorates [...]

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EU Sees Wider Greek Deficit, Roiling Markets

Bonds Fall as Investors View Bailout and Default as Givens By CHARLES FORELLE BRUSSELS—New figures revealed that Greece’s debt crisis is even worse than investors believed, delivering a fresh shock to European markets and all but ensuring that the International Monetary Fund and euro-zone countries will have to step in within weeks to bail out [...]

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