TORONTO—The euro extended its losses Thursday amid the lack of detail on the euro-zone countries’ show of support for Greece, and a longer-term thrashing seems a near certainty even if a deal is struck.
Coming in at over $2.2 trillion, China’s foreign exchange reserves are an enormous force in global asset markets.
There is quite a lot of back and forth on just how important Greece is to the global financial situation. You have some commenting that if we are so concerned about Greece, why aren’t we freaking out about California, an economy with a larger deficit and a larger GDP (California’s economy is about the size of France). I can’t argue that California is definitely an issue, but at this moment, it certainly is not the focal point we should be looking at. While Greece by itself might v
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The rally in base metal prices this year has stalled in recent weeks as concerns mount over whether consumption in the developed world will pick up enough to offset any short-term weakening in Chinese demand.
Here’s a ranking of countries by perceived risk, taking into account things like current account balances, public and private debt, and CDS spreads. It comes from a note on the impact of sovereign risk on European banks, published on Wednesday by Jagdeep Kalsi, which you will find in the usual place.