Wall Street jobs threatened by Greek uncertainty

Note: This section contains information in English only.
Source: Bloomberg
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. 
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Mon, 11 Jun 2012 09:46:37 GMT

S&P 500 index 0.8% up on Friday

S&P 500 index advanced on Friday as investors incorporated into prices speculation about rescue of Spanish banking system. US benchmark index gained 0.81% or 10.67 points and finished at 1,325.66. Nine of ten industry groups in the S&P 500 posted gains. Only energy shares weakened as, energy prices faded. The main gainer for the index was cell phone provider Sprint

Mon, 11 Jun 2012 08:28:36 GMT

Spanish rescue puts pressure on Italy

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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