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European and US stock markets fell Monday amid ongoing concerns about the government debt crisis gripping the euro currency and its potential impact on the banking sector. In Europe, the FTSE 100 index of leading British was down 5.88 points, or 0.1 percent, at 5,057.05 while France’s CAC-40 fell 8.15 points, or 0.2 percent, at [...]
Haven status in a market storm sounds good for the United States, but could be dangerous. The current atmosphere bolsters the dollar’s standing and delivers the perk of cheap financing. But for a nation that desperately needs to kick its borrowing habit, the weak euro could be a bad influence. Global financial markets have been [...]
The ECB said it bought €16.5 billion ($20.4 billion) in government bonds during the first half of last week, but the announcement failed to ease broader concerns among investors about Europe’s effort to shore up confidence amid an unfolding debt crisis. The euro briefly touched a four-year low against the U.S. dollar Monday before recovering, [...]
World stock markets rose Monday as fears of a Greek debt default eased following last week’s request by the country to tap a rescue package from its 15 partners in the eurozone and the International Monetary Fund. In Europe, the FTSE 100 index of leading British shares was up 36.38 points, or 0.6 percent, at [...]
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