Global markets fell on continued panic stemming from the euro zone, as estimates of how much a Greek exit would cost have reached more than a billion dollars and concerns over Spain’s region of Catalonia came to the forefront of the conversation. Although Europe looks increasingly worrisome, other markets like Vietnam and Brazil may be picking up.
Global markets experienced another down day as woes over the euro zone crisis multiply. Today, we’ll look into a possible downgrade of Spanish banks, BRIC bear markets, and Colombian political violence.
Global markets continued to slide to the downside on, you guessed it, concerns over the economic future of Europe. As well, in-line earnings from MercadoLibre saw one of the darlings of emerging markets drop precipitously.
American markets tumbled on the back of disappointing jobs data, a gloomy growth outlook, and nervousness going into European elections this weekend.
Markets slumped today on the back of a poor American jobs report and renewed concerns over Europe after PMIs from the euro zone came in lighter than expected.
European concerns reignited over the weekend as France’s Socialist Party candidate won the first round elections and the Euroskeptic National Front Party fared particularly well; elsewhere, the Dutch government dissolved as the result of budgetary squabbles. Neither development bodes well for European markets going forward.
With a temporary reprieve from European calamity as markets across the pond were up, the internet was afforded the opportunity to report on events from elsewhere in the investing universe: namely, the BRICS. Stories on Chinese state propaganda IPOs, Indian state banks, and Russian search engines were the highlights of today’s web offerings.