Sunday, February 28, 2010
Markets unsettled amid Greek saga
As investors vacillated about the impact of developments in Greece, together with the uncertainty of strong fourth-quarter economic data possibly not carrying over to the first quarter, stock markets experienced two sharp sell-offs and two rebound rallies, limping to small gains on Friday but ending the week modestly down. Renewed fears over Greeceâ€™s debt woes and disappointing economic statistics tempered investor optimism for risky assts, triggering haven demand for government bonds and the Japanese yen. Read all about this, together with some thought-provoking news items and quotes from market commentators during the past week, in the weekly â€œWords from the Wiseâ€ review.