There was no respite for the euro or European sovereign CDS prices on Wednesday.
The euro fell further through the critical €1.30 to the dollar mark, to trade as low as $1.2881 — off more than 1 per cent — as investors focused on developing tensions in Athens.
The NYT reported that three protesters had been killed after a blaze broke out at an Athens bank, as more than 100,000 people took to the streets to protest against spending cuts and austerity measures.
Other notable datapoints on the day:
- Athens General Index – down 4.44 per cent.
- Ibex 35 – down 2.4 per cent.
- PSI 20 – down 2.42 per cent.
- FTSE 100 – down 1.17 per cent.
- Santander – down 3.18 per cent.
- BBVA – down 4.32 per cent.
- Deutsche Bank – down 2.5 per cent.
The latest sovereign CDS prices from Markit meanwhile stood as follows:
Related links:
Eurotrash-ing (again) - FT Alphaville
Greek contagion fears hit Europe stocks – FT
Eurotrash – FT Alphaville