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Asian shares tumbled on Friday, as fears of contagion from Greece’s political turmoil and deepening worries about the health of Spanish banking system following reports of customers withdrawing more than 1 billion euro from Bankia -the recently nationalized Spanish bank, rattled investors. Weak readings on the U.S. economy and concerns of a hard landing in [...]
Continue Reading →European shares are seen opening lower on Friday, extending recent steep losses, as Fitch downgraded Greece deeper into junk territory and Moody’s Investor Service announced a sweeping downgrade of 16 Spanish banks, adding to concerns about Europe’s worsening financial woes. There are also concerns about the stability of the U.S. economy following weak U.S. manufacturing [...]
Continue Reading →Asian markets are seeing a sell-off on Friday following a weak lead from Wall Street where stocks fell overnight on weak economic data. Mounting fears about the eurozone amid the financial crisis in Greece and Spain too are prompting investors to indulge in heavy selling.
Continue Reading →The Australian stock market is trading sharply lower on Friday with investors going on a selling spree across the board following a weak lead from Wall Street where stocks fell overnight on weak economic data. Mounting fears about the eurozone economy amid the financial crisis in Greece and Spain too are contributing to the sell-off [...]
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