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February 23, 2012

Business  » Market watch

European stocks lower as Greek bailout hopes fade

European stock markets were lower Wednesday but the euro held steady in cautious trade as relief at a massive Greek debt bailout gave way to growing scepticism that the deal can really work.

Asian shares higher after Greek bailout deal

Asian shares were mostly higher on Wednesday as investors focused on domestic issues despite US and European markets giving Greece's crucial bailout only a lukewarm welcome.

Oil surges on Iran fears

World oil prices clung at nine-month highs Wednesday, boosted by fears that tensions over key crude producer Iran's nuclear program could curb supplies.

Market bounces back in style

Cash continued to strongly flow into stocks Wednesday, despite a significant decline in yesterday’s session.

Gold surges after Greece bailout deal

Price of gold in Vietnam climbed on February 22 as global price hit the highest level in the past ten weeks after eurozone finance ministers agreed on a 130 billion euro rescue package for Greece.

Euro jumps on Greece deal, Asian shares up

The euro jumped against the dollar in Asian trade Tuesday after eurozone finance ministers approved a 237-billion-euro bailout for crisis-ridden Greece, with regional shares also mostly higher.

High oil prices test US economy, Obama

A jump in gasoline prices is threatening to smother the flickering flames of the US economic recovery and with them President Barack Obama's hopes of retaining the White House.

Sun shines on liquidity

Liquidity soared further on a declining session, beating speculators’ expectations about a long-lasting upward market trend.