European stocks closed sharply lower on Monday, with investor sentiment curbed by the growing instability in Ukraine's Crimea region.» Read More
A lack of competitiveness, not credit default swaps (CDS), brought Greece to the brink of financial catastrophe, former Greek Finance Minister Yannos Papantoniou told CNBC.com Wednesday.
The market reaction to the debt crisis in Greece and the euro zone has spooked investors across the world and led to heavy selling of stocks. But is the crisis actually impacting real businesses, given Greece makes up only two percent of euro zone gross domestic product?
Germany's reticence to come to the rescue of the Greek government has been widely criticised across the euro zone.
Whispers of contagion are sending a chill through bond markets, while the euro is likely to fall further and things don't look pretty for stocks. Smart money is likely to go into gold.
A market bottom is nowhere in sight and safety of investment still beats quality as a choice for investors, as markets remain extremely volatile, Nick Parsons, head of strategy at nabCapital Markets told CNBC.
European shares were set to open little changed on Tuesday as recessionary fears weighed ahead of the U.S. presidential election tracking the U.S. markets on Monday, while Asian stocks were mixed.
More and more U.S. investors are moving money across the pond, looking for opportunities within the European Union which makes up 25 percent of the total global stock market capitalization of around $55 trillion.
European indexes finished in negative territory Monday as SAP's acquisition of Business Objects led the technology sector lower and basic-resource stocks dipped on falling commodity prices.