Euro Crisis : Oil Falls, Greeks Strike
By
Alice Hudson
PUBLISHED:
Sep 26 2012 @ 05:52
|
Comments (1)
|
More info about Alice Hudson
A stronger dollar and a weaker euro saw Brent crude oil fall more than $1 this morning after the Bank of Spain said Spain’s gross domestic product fell at a “significant rate” in the third quarter.
Comments by Federal Bank official Charles Plosser late yesterday saw the QE3-inspired risk rally screech to a halt.Meanwhile, Greece was back in the spotlight this morning, massive strikes causing chaos to the country’s transport and health systems. Plosser said QE3 was unlikely to boost economic growth, his opinion causing markets to slump overnight. Meawhile, the ECB’s Joerg Asmussen told a German news publication the bank would play no part in a potential Greek debt restructuring plan, raising concerns the economically disastrous nation will continue to burn bailout money all the way to default.
CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).
This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.
Hot Features
Premium
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Great insight, thanks!