[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks began the day in the red, but all major indexes climbed back to close in positive territory. The big news of the day was that S&P 500 conquered 2,100 for the first time, another record closing. One of the primary drivers behind market gains today was the news that Greece will …
The World Drags Down Domestic Markets
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Concerns about the world economy dragged U.S. stocks lower on Monday with worries mounting over Greece’s standoff with its creditors. Greece’s defiant new government is waging a high-stakes poker game with its European lenders it seems. These games could go on forever though, as we all know. According to Barclays, risk assets, …
Is Germany Prepared For A Greece Exit?
As the world looks forward to the outcome of meetings between German Chancellor Angela Merkel and French President Francois Hollande later in the week, it’s likely that Athens will make an exit from the eurozone soon as Berlin is unlikely to commit further funds for Greece, says Artur Fischer, co-chief executive of Boerse Berlin AG. Since Germany goes to elections …