Spanish rescue puts pressure on Italy

Source: Bloomberg
The USD 126 billion bailout package for Spanish banking system adds an extra pressure on Italian government to avoid market rout. Analysts claim the investors will carefully follow every development in Italy before trading sovereign bonds. Markets may assume that Italy is likely to follow Spain's path, analysts suggest. 
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Mon, 11 Jun 2012 08:39:35 GMT

Wall Street jobs threatened by Greek uncertainty

The Wall Street earnings from trading and investment banking at US companies my shrink for a third straight year reaching even a 30% drop compared to first quarter, Richard Ramsden from Goldman Sachs predicted on Monday. Greek crisis has had a negative impact on trading volumes. Moreover Wall Street companies are likely to reduce bonuses and jobs amid European uncertainty. 

Mon, 11 Jun 2012 08:17:39 GMT

European shares end week lower after Fed decision and Spain's downgrade

European stocks edged lower on Friday after Fed rejected speculations about further monetary stimulus and Fitch Ratings downgraded Spain's debt to two notches from junk. Stoxx Europe 600 index fell 0.3% and German DAX declined 0.2%. British FTSE 100 also shed 0.2%. French CAC 40 sank 0.6%. 

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