Creditors reject Greek proposals, volatility and risk aversion hit markets
Greek Prime Minister Alexis Tsipras said that creditors have rejected latest Greek proposals which were delivered by Athens on Monday. Immediate volatility and risk aversion has hit markets. Euro faced flash volatility. …
Greek Prime Minister Alexis Tsipras said that creditors have rejected latest Greek proposals which were delivered by Athens on Monday.
Immediate volatility and risk aversion has hit markets.
Euro faced flash volatility. Dropped to 1.118 from 1.121 and moved up and traded 1.123 within moments of the announcement as traders' struggles to gauge further move in Euro. Stakes suddenly has gone up after everyone thought the game of chicken is finally over.
Risk aversion has also hit markets. Japanese Yen rose against most of its counterpart's even dollar after the news has hit wires. Stakes are rising over Euro zone leaders meeting on Thursday and Friday.
German DAX reversed today's gains, down by 1% so far today. DAX is currently trading at 11430, down from 11590 today's high.
Expect high volatility in European assets including Euro over next few days taking cues from commentaries.
Australia's September 2026 labour report shocked to the negative: unemployment climbed to 4.7% from 4.6% and employment dropped by 39,300 against expectations for a 20,000 increase. Part-time work dropped by 73,700, whic…
UNCX Network, a cryptocurrency token vesting platform formerly known as UniCrypt, suffered a security exploit on Wednesday that drained approximately $86,000 from its shared Ethereum token pool. Blockchain security firm …
Solana is preparing to introduce its highly anticipated Alpenglow consensus upgrade on October 21, 2026, marking one of the blockchain's biggest technological changes since its launch in 2020. The upgrade aims to signifi…
