Follow the ABC's Peter Ryan. Analysis of global and Australian business, finance and economics.
Friday, August 12, 2011
Interview: Risk analyst reviews volatile trading week, Europe's debt time bomb and the approaching moment of truth for the European Union.
The wild swings on sharemarkets over the past ten trading days have left even the supposed financial experts gasping for air.
But today, as the world takes a temporary breather from the volatility, perhaps it's time to assess the long term fallout not just for the United States, but Europe.
The risk analyst Satyajit Das last spoke on The World Today a week ago as the share market turmoil started to take hold.
He was back with me today to review a tumultous week on global financial markets.
Click here to listen to the interview broadcast on The World Today.
But today, as the world takes a temporary breather from the volatility, perhaps it's time to assess the long term fallout not just for the United States, but Europe.
The risk analyst Satyajit Das last spoke on The World Today a week ago as the share market turmoil started to take hold.
He was back with me today to review a tumultous week on global financial markets.
Click here to listen to the interview broadcast on The World Today.
The EU's market regulator bans short selling to stem trading in rumours
The European Securities and Markets Authority has banned short selling in Belgium, France, Italy and Spain.
The move comes after unsubstantiated rumours about the health of French banks saw heavy selling in French banks such as Societe Generale.
THE ESMA says it will take a firm stance against any traders found to be spreading rumours that add to an already volatile market.
Thursday, August 11, 2011
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