Moneycontrol Global Markets

ECB stops operations with some Greek banks: Sources

Wed, 16 May 2012 22:12:02 +0530

The European Central Bank has stopped providing liquidity to some Greek banks as they have not been successfully recapitalised, euro zone central bank sources said on Wednesday.

US stocks rise on data, euro turns on Greek hope

Wed, 16 May 2012 19:42:08 +0530

The euro pared losses and bond prices slid on Wednesday after comments by German Chancellor Angela Merkel bolstered hopes that Greece would remain in the euro zone, while U.S. stocks rose on encouraging U.S. economic data.

Greece's pro-EU, anti-austerity stance is unrealistic: RBC

Wed, 16 May 2012 16:14:20 +0530

Adam Cole, director and global-head, forex strategy, RBC Capital Markets spoke to CNBC-TV18 the EU and the ECB are trying to persuade Greece of abandoning the 'pro-EU, anti-austerity' stance as it was unrealistic.

Asian markets decline; Hang Seng falls 2.5%

Wed, 16 May 2012 08:25:14 +0530

At 8:20 hours IST: Asian markets were trading lower as uncertainty stemming from the political stalemate in Greece gave investors another reason to be cautious. Hong Kong's Hang Seng fell 2.49% or 495.67 points to 19,398.64 and Chinese Shanghai Composite declined 13.36 points or 0.56% to 2,361.48.

Investors still hope for QE3 as Europe keeps mkts on edge

Wed, 16 May 2012 08:20:02 +0530

With Europe's latest crisis keeping markets on edge, investors are hoping to find clues as to what might tip the Fed towards more easing in Wednesday's release of Fed meeting minutes.

Wall St slips for 3rd straight day on Greece political woes

Wed, 16 May 2012 07:16:07 +0530

US stocks fell for the eighth day in the past 10 on Tuesday as uncertainty stemming from the political stalemate in Greece gave investors another reason to be cautious and sellers came out in force late in the session.

Greece to hold new election, jolts euro markets

Tue, 15 May 2012 20:56:08 +0530

Attempts to form a government in Greece collapsed on Tuesday, jolting financial markets at the prospect leftists opposed to the terms of an EU bailout could sweep to victory and nudge the euro zone crisis into a dangerous new phase.

World stocks slip with euro; US stocks inch up

Tue, 15 May 2012 20:56:02 +0530

World stocks edged lower and the euro fell to a four-month low against the dollar on Tuesday as concerns about Greece's outlook kept investors cautious.

US Fed to stop pricking asset bubbles: Roach

Tue, 15 May 2012 17:14:32 +0530

Stephen Roach, senior fellow at Yale and former non-executive chairman of Morgan Stanley Asia spoke to CNBC-TV18 about the global environment and initiatives of the US Federal Reserve to boost growth

Euro zone avoids recession in Q1: Mecklai

Tue, 15 May 2012 15:54:26 +0530

Mecklai graph of the day - Euro zone avoids recession in Q1

Nikkei closes at 3-1/2 month low on Greece fears

Tue, 15 May 2012 13:26:02 +0530

Japan's Nikkei share average fell to a 3-1/2 month closing low on Tuesday, weighed down by exporters with exposure to Europe after Greece struggled to form a coalition government, increasing fears that it may have to leave the euro zone.

Where are investors? Turnover in major Asian markets plunge

Tue, 15 May 2012 08:50:34 +0530

Trading, measured by the turnover in Hong Kong and Singapore equities, fell in the first four months of the year on concerns over Europe’s debt crisis and as investors seek alternative investments to stocks after recent corporate scandals and the 2008 global financial crisis.

Asian mkts trade lower on political turmoil in Greece

Tue, 15 May 2012 08:24:02 +0530

At 8:15 hours IST: Asian markets were trading lower on Tuesday morning, with investors on edge after Greece's struggle to form a coalition on Monday pushed the country closer to a costly and tumultuous exit from the euro zone.

US markets end 1% down on political upheaval in EU

Tue, 15 May 2012 07:00:02 +0530

US stocks fell on Monday as investors dealt with the one-two punch of worsening political upheaval in the euro zone and the possibility that China's economy may be softening more than previously thought.

Wall St ends down on euro zone, China

Tue, 15 May 2012 01:46:02 +0530

MARKETS-USA-STOCKS:Wall St ends down on euro zone, China