On Wednesday 22nd June 2011, Greek Prime Minister George Papandreou’s government survived a confidence vote in parliament. This piece of news has injected the needed confidence among the investors who underwent financial market turmoils for the past few weeks. European leaders breathed a sigh of relief but kept up the pressure on Greek Prime Minister George Papandreou, who faces a vote…
Tag: Greece
European crisis and China economy slowdown have increased risk aversion | STI, Cosco, Yangzijiang stock prices | US, Singapore Stock Markets
Once again, it was a ‘red’ Monday with all stock markets not spared from the brutal selldowns. Though traditionally, May period is known to most experienced investors as a month of ‘short’ or ‘sell’, this time round, the new anxiety and fear is a result of some key economic developments in UK and China. On Friday (20th May 2011), Fitch…