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Sunday, September 11, 2011

impact European debt crisis on gold, silver stock market

impact European debt crisis on gold, silver stock market ; The EU raised its estimate on Greece’s deficit to 13.6% of 2009 GDP; and said it may revise it as high as 14.4%. Questions about its bookkeeping and data collection were said to be involved. Moody’s downgraded its sovereign debt rating.

In response, Greek 10-year bond yields rose to over 9%, which is almost three times the comparable German rate. The yield on the two-year note skyrocketed to over 11%. This prompted Greece to formally request the aid package from the European Union (EU) and the International Monetary Fund (IMF). Now the member countries must approve the loans and checks need to be written.

E.U. Greece Debt Crisis Impacts on Gold, Silver and Stocks
As was shown in the currency and commodity sectors earlier in the report (full length edition for subscribers), silver has been outperforming gold and continued to do so this past week, gaining almost 3%, while gold gained 1.75%. Read More...

Regional markets to factor in impact of Europe debt
The region's stock markets this week will likely factor in the overhang of the European debt crisis and its potential ramifications for the global economy before deciding their future course, analysts say. Read More...

impact Debt crisis in Europe, stock market fall in US, Asia
Debt crisis in Europe triggered fall in stock markets both in the United States and Asian countries. The financial and energy companies took the drubbing. Investors were jolted by the weak economic datas. Read More...

What the European Debt Crisis Means for Gold
Europe's zombie debt crisis continues to reappear - almost on a monthly basis. Like a bad horror movie with sequels, prequels, re-makes and homages, this story just won't die. And that's not because the media just needs something to report on. The Euro is in big trouble, and so is every country in the Euro-zone and beyond that's tied to it. Read More...

Europe debt crisis fears hammer euro, stocks
Growing doubts about Europe's ability to resolve its debt crisis punished the euro and world stock markets on Friday, while G7 finance ministers met to discuss measures to revive economic growth. The euro hit six-and-a-half month lows against the US dollar on nervousness over the outcome of a Greek debt swap deal and on jitters fuelled by the planned resignation of Juergen Stark, the top German on the European Central Bank's board, in protest over its controversial bond-buying program. Read More...

Gold sets record high on debt crisis
urope, indeed, is in the throes of a financial crisis. The bad-debt avalanche that bankrupted some of the world's biggest banks and nearly destroyed the international financial system is now shifting to governments. Greece has acknowledged its insolvency. Spain's debt was recently downgraded by Fitches; Portugal, Ireland, and even the U.K. might not be far behind. To stop Greece's debt troubles from turning into a run on the euro and a global stock market rout, the European Union recently approved an unprecedented package of almost $1 trillion in emergency loans, bailout funds, and IMF support. Read More...

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