Market strategist says: ‘This could probably be our worst day in two or three years.’ Photograph: Paul Miller/AAP
More than $35bn was wiped off the Australian stock market in the first hour of trading on Monday as investors brace for an increasingly likely Greek exit from the euro zone.Both the S&P/ASX 200 and All Ordinaries quickly fell about 2%.“Unfortunately this could […]
Myles Udland
Jun. 28, 2015, 4:49 PM
748
REUTERS/Yannis BehrakisInside the Athens stock exchange building.It looks like Greece’s stock market is going to be closed for a week. According to a report from the English version of Greek newspaper Kathimerini, the Athens Stock Exchange is going to be closed for a week. Kathimerini reports that, “The Capital Market Commission is expected to announce in the […]
Myles Udland
Jun. 28, 2015, 4:19 PM
1,087
REUTERS/Ralph OrlowskiAt least one trader is paying attention to 3 things on Monday: stocks, European bonds, and the euro.We’re just a few hours from the opening of futures markets in the US, and Wall Street strategist notes are starting to roll in. Over at Bank of Tokyo Mitsubishi, Chris Rupkey writes that right now, the Greek […]
The Capital Market Commission is expected to announce in the early hours of Monday the closure of the Greek stock exchange for at least a week, as financial activity in the country grinds to a halt.Following Sunday’s decision by the Systemic Stability Council (which includes the head of the Capital Market Commission) in favor of the week-long closure of the […]
After The Chinese Stock Market Crash There Will Be A Margin Call On $370 Billion Dollars Worth Of Debt Next Week!!!SNIPChina’s stock markets tumbled on Friday to near bear territory further deepening the sell-off that started two weeks ago. The Shanghai Composite, down 7.4% on the day, has fallen 19% from its June 12 high wiping out $1.25 trillion in […]
After slamming through the spike high a week and a half ago, the IBB has now pulled back to test the breakout. Bottom line, that resistance has now become support.Most of the solar system is calling a bubble here, so its always good theater, and it makes every day interesting. A couple of things here can make you go to […]
NEW YORK (AP) — Stocks were mostly higher in early trading Friday as negotiators continue to work toward a solution to Greece’s debt problems.Chinese stocks plunged 7 percent as fears spread that a yearlong bull rally there has become overheated. The market is up more than 100 percent over the past year.KEEPING SCORE: The Dow Jones industrial average rose 59 […]
EBay’s spinoff of its payments business PayPal is scheduled to be completed on July 17, the company announced today, with PayPal beginning regular trading on the Nasdaq Stock Market on July 20. EBay shareholders will receive one share of PayPal for every share of eBay they own. EBay, excluding the PayPal business, registered 10 percent more revenue than PayPal in […]
Related Big Jobs Report Not The Only Headliner—Watch Europe, China10 Charts Every Options Investor Needs To See This WeekRelated BOJAStocks Hitting 52-Week LowsBojangles Will Not Provide Quarterly GuidanceStock Market Fireworks May Come Early With China’s Plunge And Greece’s Gap(Seeking Alpha)We may not go quietly into the weekend. China’s flirtation with bear territory and the continued clod-footed dance between Greece and […]
Related BZSUMMid-Day Market Update: Nike Jumps On Strong Results; SYNNEX Shares SlideMid-Morning Market Update: Markets Gain; Finish Line Beats Q1 ViewsToward the end of trading Friday, the Dow traded up 0.22 percent to 17,929.20 while the NASDAQ slipped 0.77 percent to 5,072.80. The S&P also fell, dropping 0.15 percent to 2,099.09.Leading and Lagging SectorsCyclical consumer goods & services shares rose […]
