Stocks, Euro Rise Amid Greece Optimism
Stocks gained, erasing the MSCI All- Country World Index’s 2011 loss, while the euro rose and Treasuries tumbled amid speculation Europe will take action to prevent a Greek default. Commodities surged the most this month.
The MSCI equity gauge added 1.1 percent to 333.03 at 4 p.m. in New York, and the Standard & Poor’s 500 Index rallied 1.3 percent. Yields on 10-year Treasuries rose above 3 percent for the first time in almost a week after a government auction. The euro strengthened 0.6 percent to $1.4366. The S&P GSCI Index of 24 commodities surged 2.2 percent as crude oil futures jumped the most in almost six weeks.
Germany’s biggest banks and insurers will meet with the Finance Ministry in Berlin tomorrow as they seek to reach an agreement on their contribution to a Greek aid package, two people with knowledge of the matter said. The MSCI stock index fell 4.3 percent through yesterday after the extra yield investors demand to own Greek 10-year debt instead of similar German bonds exceeded 1,000 basis points on April 15. For more visit: Bloomberg.com
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
