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Asian Markets Rally on China Rate Cut, But Europe Fears Greek Tragedy as Deadline Looms

July 14, 2023
in Trade Tube
Reading Time: 1 min read
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Asian markets rally as China cuts interest rates for third time in a year. Continental European markets slide ahead of talks Eurozone ministers’ talks this afternoon to tackle Greek crisis. Athens needs cash to repay International Monetary Fund. Some of German Chancellor Angela Merkel’s party consider it is time to cut Greece loose. British government considers selling Royal Bank of Scotland stake at loss to taxpayer. European supermarket groups Delhaize and Ahold ponder a merger. Both make most money in United States. Airbus share is hit by loss of its new military transport plane in a weekend test-flight crash in Spain.

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