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Precious metals, commodities and equities slipped again yesterday on news that France and Germany continue to disagree on the best way to expand the European Financial Stability Facility (EFSF). All eyes will be on this Sunday’s European Council gathering, with the markets hoping for signs that Europe’s leaders have at last ...
Concerns over the health of the Franco-Belgian bank Dexia added to the bearish mood affecting stock markets yesterday. Dexia’s shares slid 10% on the news that Moody’s Investors Services Inc has put the bank on review for a possible downgrade. Dexia concedes that its large loans to European local authorities prior to 2008 have ...
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