Video: 90 at 9: Dow and NZ$ slump on recovery fears; Euro slammed on Greek debt worry part of Euro, oil fall on Spain, growth worries

Video Related To: Euro, oil fall on Spain, growth worries

Athens : Greece | over 1 year ago
A visitor looks at market indices displayed at the Tokyo Stock Exchange in Tokyo September 26, 2012. The euro and oil prices fell on Monday as uncertainty about Spain 's bailout and...
    • Clear
    • Share:
    • Share
    • Clear
    • Clear
    • Clear
    • Clear
     
  • Read full report
Report Your News Got a similar story?
Add it to the network!

Or add related content to this report

Also Attached To These News Reports
Video Source: www.youtube.com

90 at 9: Dow and NZ$ slump on recovery fears; Euro slammed on Greek debt worry

Bernard Hickey details the key news overnight in 90 seconds at 9am in association with the BNZ, including news the Dow has fallen more than 2% in late trade on fears about the US and global recoveries. Surprisingly weak jobless claim figures (480000 last week) were a factor. The NZ dollar fell to 68.6 USc, its lowest level since September as appetites for risky currencies globally shrank. The Euro fell to its lowest level since May last year on new fears about sovereign defaults in Portugal, Spain and Greece. Interest rate spreads for their bonds rose sharply, with Greek CDS spreads rising to 425 basis points. A major Greek union threatened a strike, raising worries Greece's deficit cutting plan may fail. Meanwhile legendary US investor Warren Buffett has been stripped of his prized AAA credit rating by Standard and Poor's after his big railway buy., Warren Buffett
Views : pending


Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.