Armageddon in markets due to Greece's non-governance
Armageddon in markets due to Greece's non-governance
0.20% of the EU (Greece) diminishes international stock markets, gold (1.59%), oil (2.03%) and everything that is bought...
UPD:
0.20% of the EU (Greece) diminishes international stock markets, gold (1.59%), oil (2.03%) and everything that is bought and sold on the planet. Who would have thought that this small, beautiful little corner of the Mediterranean is responsible for the entire market leverage?
Even the scandal of JP Morgan was revealed now, when the eternal debate about the country’s exit from the euro began.
Stock markets in Europe are sinking.
During the afternoon in Italy, the decline was at 3.41%, in Spain 3%, 2.58% in Paris and 2.52% in Germany, while Dow Jones is currently 100 units lower.
The German Bund yield reached 1.44%, showing that all of Europe’s money is heading to Berlin.
All European citizens (Italians, Spaniards) are borrowing from Germany. In contrast, bond markets in the south are falling, with the Greek spread - over 2600 units - located in the stratosphere and Green bonds selling out.
Even the scandal of JP Morgan was revealed now, when the eternal debate about the country’s exit from the euro began.
Stock markets in Europe are sinking.
During the afternoon in Italy, the decline was at 3.41%, in Spain 3%, 2.58% in Paris and 2.52% in Germany, while Dow Jones is currently 100 units lower.
The German Bund yield reached 1.44%, showing that all of Europe’s money is heading to Berlin.
All European citizens (Italians, Spaniards) are borrowing from Germany. In contrast, bond markets in the south are falling, with the Greek spread - over 2600 units - located in the stratosphere and Green bonds selling out.
On the other hand, the Spanish lending rate exceeded 6%.
As can be seen, this situation cannot be sustained for long. Already Pimco’s chief executive El Arian talks of a shrinking of the euro, while American economist Mr. Crugman speaks openly of the euro’s collapse. Tomorrow’s meeting between Merkel and Hollande is expected to give a taste. 50% of the union will discuss a problem that reaches 0.20%.
Concern for banks and dealing.
Meanwhile, the large and open discussion about Greece’s exit from the Eurozone creates new problems in the Greek banks with continuous outflow, mainly because lately, Greeks who had been holding on despite losses, are now leaving. There was a red alert in the dealing rooms since there is new outflow, and money is moving to mutual funds in Luxembourg and London.
Return to 1986
A return to 1986 was marked for the ASE since massive sales in OPAP-PPC-OTE led the General Index to drop to 5.90%, eventually closing at -4.56% and at 584 units.
These sales not only had a foreign flavor but were also due to a few Greeks who were anxiously looking towards liquidity.
The OPAP share lost 11.97% a few days before announcing its quarterly results.
A dip of more than 10% for Viohalco, 7.24% for the PPC. A plunge for 4.14% for Coca-Cola and 6.11% for Ellaktor. The National Bank’s bond is at 1.35 euros with a 1.46% drop.
Gains of 2.34% for Alpha Bank, 3.18% for Eurobank and 1.49% for TT.
Total transactions reached 38.9 million.
As can be seen, this situation cannot be sustained for long. Already Pimco’s chief executive El Arian talks of a shrinking of the euro, while American economist Mr. Crugman speaks openly of the euro’s collapse. Tomorrow’s meeting between Merkel and Hollande is expected to give a taste. 50% of the union will discuss a problem that reaches 0.20%.
Concern for banks and dealing.
Meanwhile, the large and open discussion about Greece’s exit from the Eurozone creates new problems in the Greek banks with continuous outflow, mainly because lately, Greeks who had been holding on despite losses, are now leaving. There was a red alert in the dealing rooms since there is new outflow, and money is moving to mutual funds in Luxembourg and London.
Return to 1986
A return to 1986 was marked for the ASE since massive sales in OPAP-PPC-OTE led the General Index to drop to 5.90%, eventually closing at -4.56% and at 584 units.
These sales not only had a foreign flavor but were also due to a few Greeks who were anxiously looking towards liquidity.
The OPAP share lost 11.97% a few days before announcing its quarterly results.
A dip of more than 10% for Viohalco, 7.24% for the PPC. A plunge for 4.14% for Coca-Cola and 6.11% for Ellaktor. The National Bank’s bond is at 1.35 euros with a 1.46% drop.
Gains of 2.34% for Alpha Bank, 3.18% for Eurobank and 1.49% for TT.
Total transactions reached 38.9 million.
UPD:
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