Fri, Mar 6, 2015, 4:25 AM EST - U.S. Markets open in 5 hrs 5 mins


% | $
Quotes you view appear here for quick access.

BB&T Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • z99oo z99oo Oct 31, 2011 2:14 PM Flag

    China warns it cannot 'cure' eurozone's debt crisis

    (The Telegraph) -

    The FTSE 100 slipped 2.77pc, the CAC dropped 3.16pc, theDAX slipped 3.23pc and the Italian FTSE MIB tumbled 3.82pc as the country's 10-year bond yields rose above 6pc.

    Angus Campbell, head of sales at Capital Spreads, said:

    The rally from last week has come to an abrupt end today as investors sold risky stocks for fear that markets have got ahead of themselves when the EU plans announced last week were too short on detail.

    Stocks were also hit by the filing for bankruptcy of brokerage firm MF Global which goes down as the latest casualty of the European sovereign debt crisis.

    NEW YORK (Reuters) - MF Global Holdings Ltd filed for bankruptcy protection after a tentative deal with a buyer fell apart, marking a stunning failure for CEO Jon Corzine who tried to turn the more than 200-year-old futures brokerage into a mini-Goldman Sachs.

    The meltdown made MF Global the biggest U.S. casualty of the European debt crisis, as the brokerage paid the price for the former Goldman CEO's big, risky bets on sovereign debt.

    The good news is, Corzine walks with millions, whew, I was worried about that, after all liberals really really care, so, it's ok that they walk with mills and investors lose everything.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • (Telegraph)

      Andrew Lim, banking analyst at Espirito Santo in London, said: "If Greek voters reject the unpopular bailout plan it could result in a "hard default", which could force banks to take losses of about 75pc on their Greek sovereign bonds, trigger payouts on credit default swap insurance contracts, and raise the threat of a systemic risk.

      "If we get a hard default in Greece, it will exacerbate the situation with Italy and Spain. It just increases the problem of Italy going down the same route, and that's the real risk.

      Prime Minister George Papandreou announced plans for the referendum in response to riots that followed last week’s proposal, as well as dissent from within his own Socialist party.

      He said: “The command of the Greek people will bind us. Do they want to adopt the new deal, or reject it? If the Greek people do not want it, it will not be adopted.”

      Staging a referendum, reportedly to be held in January, threatens to throw the eurozone further into crisis as the majority of Greeks object to the bail-out, according to a survey published last week.If Greece were to reject the plan, which requires deep spending cuts, it would risk a full-scale default and possible ejection from the euro. The country could even run out of money to pay civil servants.

      Take a look at the futures and overseas markets guys!!!

37.97+0.16(+0.42%)Mar 5 4:03 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Geron Corporation
NASDAQThu, Mar 5, 2015 4:00 PM EST
Orexigen Therapeutics, Inc.
NASDAQThu, Mar 5, 2015 4:00 PM EST
Vivint Solar, Inc.
NYSEThu, Mar 5, 2015 4:00 PM EST