Investors are justified for viewing the Greek debt deal with skepticism and should reduce their risk allocation accordingly, Pimco`s Mohamed El-Erian said.
Tarun Kataria of Religare Capital Markets tells CNBC-TV18, the rally that the Indian market has seen so far in 2012 shows that the investors mood is clearly different from last year.
Arjuna Mahendran, the MD, Head Investment Strategy Asia, HSBC Private Bank tells CNBC-TV18, he expects the ECB to infuse 400 billion to 1 trillion euro via a second LTRO on February 29.
US stocks rose at the open Monday, with the S&P 500 recouping nearly all of its declines from the previous session, as Greece's parliament approved strict financial reforms needed to obtain its latest international bailout package.
The road to Greece is paved with anything but good intentions. Facing pressure from the IMF and ECB, the Greek parliament finally approved the hugely unpopular austerity measures today.
At first glance, does the Indian market look overpriced? For some investors and analysts, yes, as they watch many blue chip stocks poised on the verge of breakouts. Read on for more...
Trevor Williams, chief economist at Lloyds TSB tells CNBC-TV18 that some patchwork solution maybe put into place on Greece's debt but it will take a lot more than a debt swap deal to get Greece on its feet again.
Concerns about Europe's finances in the absence of a Greek debt deal pushed the euro off six-week highs and sent world stocks lower on Monday, with investors nervously awaiting the outcome of a European Union leaders summit.
Disappointment that the weekend failed to deliver a Greek debt deal kept recent risk asset optimism in check only briefly at the start of the week.