Agile Financial Tokyo Reviews: Commod...

Agile Financial Tokyo Reviews: Commodities Dive in Asia

Posted in the Dallas Forum

Since: Mar 13

Dallas, TX

#1 Mar 19, 2013
Stocks, commodities dive in Asia in wake of Cyprus bail-out deal
TOKYO ó Stocks and commodities fell sharply in Asia on Monday as investors were rattled by a radical bail-out plan for Cyprus and piled into safer assets including the dollar, gold and sovereign debt.
European markets are also expected to fall, with financial spread betters predicting Londonís FTSE 100, Parisís CAC 40 and Frankfurtís DAX to open as much as 2% weaker. A 1.4% slide in US stock futures suggested a lower Wall Street start as well.

"There will certainly be confusion in Cyprus and investors looking just at headlines may fret about its case becoming a model," Credit Agricoleís director of foreign exchange in Tokyo, Yuji Saito, said.
"I doubt that the case in Cyprus will trigger contagion risks across the eurozone, as the size of the country is too small and its industrial structure is very different from other eurozone members, in that Cyprus is dependent on just tourism and the financials sector."
You may want to read/watch:
Why not join and share your thoughts here:

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Dallas Discussions

Title Updated Last By Comments
((>Last Post<)) (Dec '12) 3 hr Red_Forman 472
Fat GOP rep apologizes for lewd photo shared on... 4 hr Gary hart 2
News Food News: Dodie's Catches Heat For Caitlyn Jen... Wed AKA Crammer 2
Job opportunity Tue indpntgirl 1
Diana Friedman is suing the founder of The Fat... (Jun '15) Tue Amon Carter 22
Dwaine Caraway: Take Down Dim Statchers Mon Dwaine Caraway 1
OneBody in Yahawashi, Dallas TX: Don't watch an... Nov 20 A ShameForReal 3

Dallas Jobs

More from around the web

Personal Finance

Dallas Mortgages