The moral hazard problem in the Euro region revisited. Stocks were unable to hold early session gains as traders were reticent to hold long positions after news from Cyprus brokering a deal on its bailout failed to impress. Market participants are still wondering which nation will be next and signaling from EU bankers didn’t help.…
Cyprus bank deposit tax news helps market post one of the few weekly losses this week. Will another shoe drop? Cyprus was a major headline risk for traders this week and as a result the market fell slightly. The Dow posted a rare weekly loss this year and traders were hesitant to stay long…
Maybe Cyrus really does matter? Initial claims for state unemployment benefits rose 2,000 the Labor Department said on Thursday to a seasonally adjusted 336,000, which didn’t help market sentiment early today. Traders were given no more positive news from across the pond from Cyprus as the banking crisis continued and was followed by the Standard and…
Yes. But Sectors Matter: The U.S. is becoming a more popular place to invest thanks to Cyprus. After a tax levy was introduced in Cyprus over the weekend, capital is set to leave the small European nation on fears the country could take depositor money in the future if the recent rule stands. This may…
Who will benefit from the Cyprus Deposit Levy? Stocks came off the low in today’s session as news as about Cyprian tax increases raised fears that a contagion could spread across the globe as banks recalibrate and look for ways to keep investor deposits. In a deal struck in Brussels over the weekend, Cyprus bank…
