Welcome, Guest Login | Signup | Portfolio | Bookmark | Contact
Markets

Symbol Name
Click for Symbol Help




Stocks, Euro Gain on Greek Aid Optimism; Treasuries Erase Loss

Bloomberg - May 31, 2011

Stocks rose worldwide, paring the biggest monthly decline since August, and the euro gained amid speculation nations will pledge more aid to Greece. Commodities advanced, while Treasuries erased losses after U.S. economic reports missed forecasts.

The MSCI All-Country World Index increased 1 percent at 10:41 a.m. in New York, paring this month’s loss to 2.8 percent. The euro climbed to a three-week high of $1.4424, and the yen fell against its 16 major peers. Among 10-year bonds, German bunds added five basis points to 3.02 percent, Greek yields slid 23 basis points to 15.93 percent and Treasuries dropped to 3.06 percent from 3.10 percent. Oil rose, and wheat dropped.

European Union leaders will decide on a new aid package for Greece by the end of next month, Luxembourg’s Jean-Claude Juncker, who leads the group of euro-area finance ministers, said yesterday in Paris. More than $1.8 trillion was erased from the value of stocks worldwide this month through yesterday as evidence mounted that the U.S. economic recovery is slowing and EU officials struggled to contain the region’s debt crisis.

Read Full Article from Bloomberg

- Posted: 2011-05-31 10:35:01


 More Stock Investor Place Top Stories  
Anglo platinum arm sheds 14,000 jobs, risking unrest
Apple falls below $500
US retail sales rose 0.5 percent in December, led by autos, furniture and clothing sales
Recovery in U.S. Saving 8 Million Underwater Homeowners
Facebook shares rise in buildup to mystery event, earnings

 Stock Investor Place Top Stories Archive
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008















Featured Companies | My Place | News | Markets | Big Board | Blogs | Products & Services

Copyright 2024 Stock Investor Place Inc. All Rights Reserved.
Disclaimer - Terms of Use - Privacy Policy - Advertise