Greek debt drama heightens contagion fears
- 9 years ago
Most European markets ended the day in negative territory but higher than the depths of the morning.
Stocks were lifted around lunchtime as rumours abound of a last-ditch deal between Greece and its creditors.
France’s CAC40 dropped 79.6 points to end at 4.79,Britain’s FTSE lost 1.50 while the Dax in Germany fell 1.23 percent.
Meanwhile across the pond, Wall Street opened cautiously after yesterday’s losses.
Our business correspondent Sasha Vakulina spoke about the latest developments with Angus Campbell, senior analyst at FxPro.
Sasha Vakulina, euronews: Angus, the US stocks fell sharply on Monday, today European markets rebounded from their worst levels. What’s been happening?
AC: “Yes, the markets are just taking things one step at a time… We have seen a great deal of risk aversion, let’s not underestimate just how worried investors are. There has been a sharp correction in stock indexes around the globe, there has been a spike in borrowing costs for some of those pe
Stocks were lifted around lunchtime as rumours abound of a last-ditch deal between Greece and its creditors.
France’s CAC40 dropped 79.6 points to end at 4.79,Britain’s FTSE lost 1.50 while the Dax in Germany fell 1.23 percent.
Meanwhile across the pond, Wall Street opened cautiously after yesterday’s losses.
Our business correspondent Sasha Vakulina spoke about the latest developments with Angus Campbell, senior analyst at FxPro.
Sasha Vakulina, euronews: Angus, the US stocks fell sharply on Monday, today European markets rebounded from their worst levels. What’s been happening?
AC: “Yes, the markets are just taking things one step at a time… We have seen a great deal of risk aversion, let’s not underestimate just how worried investors are. There has been a sharp correction in stock indexes around the globe, there has been a spike in borrowing costs for some of those pe