Archive for May 14th, 2012

New Overnight Developments Abroad - Daily Update

Rising Possibility of Greece Leaving EMU Sends Euro to Multi-Month Lows as Stocks Also Plunge

May 14, 2012

The euro fell to its weakest dollar level ($1.2861) since January 19 and lowest yen value (102.94) since February 16. Share prices have tumbled 2.4% in Paris, 2.2% in Frankfurt and 1.8% in London. Ten-year German bund and British gilt yields sank by seven and nine basis points.  The 10-year Treasury futures suggests an opening […] More