tengku Faisal panicking over little bit of turbulence caused by Greece. Just wait until they conclude Iran deal next few days and oil price tumble. Is Tengku Faisal going to jump down from Petronas tower ?
Crisis-Ready Europe Urges Tsipras to Step Back From the Brink By Christos Ziotis and Mark Deen - Jun 29, 2015, 11:57:46 PM
European leaders raised pressure on Greek Prime Minister Alexis Tsipras to re-engage, saying it’s down to his government to step back from the brink and stay in the euro.
With Greece under capital controls and banks closed, German Chancellor Angela Merkel and French President Francois Hollande offered no concessions beyond saying that they remained open to talks, even after Greece’s planned July 5 referendum on the terms attached to aid. European Commission head Jean-Claude Juncker said the “whole planet” would view a “no” vote as Greece turning its back on Europe.
Leaders were emboldened by a measured investor response to a weekend of turmoil as Tsipras’s government took emergency steps to avert the collapse of its financial system. While his decision to hold a ballot increased the risk of Greece exiting the euro, evidence of contagion elsewhere was limited, reducing his leverage over creditors.
“Europe can cope with such crises much, much better today because it has taken precautions,” Merkel said in a speech in Berlin on Monday.
The euro erased its losses after earlier dropping to a near one-month low against the dollar, and traded little changed at $1.1163 as of 5:15 p.m. in Berlin. European equities sank, with the Stoxx Europe 600 Index down 2.5 percent, while bond yields jumped in Italy, Spain and Portugal.
Little Leeway While the situation remains one of “drama,” the reaction on capital markets was “less than feared,” Credit Suisse AG Chairman Urs Rohner said at a conference in Bern on Monday. “A lot was priced in already.”
European leaders sought to reach out to the Greek people while offering Tsipras’s government little leeway after he broke off negotiations over future bailout aid at the last-minute on Friday. Tsipras, who promised to return “dignity” to the people and reject budget cuts imposed by creditors, appealed for “calm” after weekend-long queues at ATMs and gas stations.
“A lot is still conceivable,” Jeroen Dijsselbloem, the Dutch finance minister who leads meetings of his euro-area counterparts, told reporters in the Hague. “But it’s clear the Greeks seem to have made up their minds on the route they’re choosing.” Dijsselbloem said he “continues to regret” that they walked away “but they’ve chosen their path and we cannot interfere.”
Every body don't buy.let me die first.ha ha ha....when the market up baru buy ....that's most people lost money .if don't understand the rules of stock market better don't invest.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by TengkuFaisal > 2015-06-29 15:25 | Report Abuse
.