Wall Street is stuck in a highly volatile range as investors hoping for a rally into the end of the year are browbeaten by Europe's unfolding crisis.
The ball is definitely in Greece's court as the referendum on bailout package and Prime Minister Papandreou's vote of confidence at the parliament has global markets glued to newsflow from there. Moneycontrol.com puts together a weekly wrap of what all happened over the week ended November 4, 2011. Check out!
True that Papandreou's vote of confidence has hijacked the purpose of G-20. But thats not just it. France is pushing forward reforms that could affect China and global markets consequentially, Shereen Bhan reports from Cannes.
Greece continues to send shivers across global markets. But this time, it could well be positive, says Nick Parson of Australian National Bank. Speaking to CNBC-TV18, he says that an ouster of Greek Prime Minister George Papandreou will mean no referendum in the nation and that will be a positive for global markets.
The International Monetary Fund board will consider the sixth tranche of Greece's loan after a Greek referendum on a new bailout plan, the head of the IMF said on Wednesday.
Greece's abrupt call for a referendum on EU bailout deal spooked global markets on Tuesday.