G20 Summit Today Outside The Plate Overnight Rebound
Next two days, this year’s G20 summit will be held in Cannes, France, the meeting will focus on the problem to solve the debt crisis.
On Monday night, Greek Prime Minister Papandreou said Greece, the country will solve the debt crisis the EU’s latest program hold a referendum, while this vote of confidence in parliament.
According to media reports, the Greek or referendum held in January next year, and released November 1 poll, 60 percent found the program can not get through the referendum. Markets are concerned, once the program was rejected, and even Greece could face mandatory default out of the euro, and thus bring about a comprehensive systemic risk, and Italy, Spain and other heavily indebted countries to bring pressure.
On the same day, the U.S. futures business in Europe because of Man’s global debt crisis betting on the wrong note and submitted the application for bankruptcy protection, marking the first debt crisis in Europe outside the area of the victim’s birth.
Two bad the attack, the emergence of disk crash Tuesday night in Europe and America: the U.S. Dow Jones index fell 2.48%, the French CAC40 index fell 5.38 percent, Germany’s DAX index fell 5%, at the vortex center of Greece, Italy’s main stock index fell 6.9%, respectively, , 6.8%, which was 10-year bond yields approaching record highs.
But on Tuesday France, Germany, leaders in the joint communique said, “determined to ensure that the euro zone summit to make the decisions to be implemented immediately,” while the eurozone, including the Greek leaders, including emergency meeting is being convened, the parties wish to to maximize the clear position of Greece, to give the market a positive signal.
In these circumstances, Europe and the U.S. stock market yesterday evening the prevalence of signs stabilized, France, Germany, the major indexes to achieve high open, U.S. stocks are opening to go.
As of press reporters before last night, the French CAC40 index rose 0.76 percent, Germany’s DAX index rose 0.84%, the UK FTSE 100 index rose 0.18%, the U.S. Dow Jones index rose 1.24%, the Nasdaq composite index rose 1.05%, S & P 500 index was up 1.42%.
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