Markets Around The World Rally After Cyprus Bailout
Advertisement
REUTERS/Yannis Behrakis
Advertisement
The details are here, but basically it goes: Depositors over 100K at the two biggest Cypriot banks will get clobbered. Everyone else is spared.
The deal does not need to be voted on by the Cypriot parliament, so that part is over.
There's probably no reason to expect a gigantic relief rally, since
But markets are higher at the moment.
Advertisement
Italy has opened up 0.7%, while its national borrowing costs have ticked down a few basis points.
US futures are modestly higher.
In Asia, Japan rallied 1.7%.
Advertisement
- 2 states where home prices are falling because there are too many houses and not enough buyers
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore