Thursday, 6 May 2010

Stock Markets Shudder On Club Med Debt Woes

In a scary day’s trading with liquidity basically gone from Eurozone bond markets, equity markets finally woke up and took note and more than $1.1 trillion was wiped from the value of global stocks. Growing expectations that the €110 billion rescue package for Greece will need to be extended to Spain and Portugal was the cause. This was despite positive US home sales and factory orders data. MORE HERE


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