The markets are breathing easier today following news of progress on the European Union's management of Greece's debt crisis.
EU officials worked with Greece's lenders to take 50% writedowns on the country's debt.
Further, the European Union's emergency bailout fund was increased to $1.4 trillion.
Both European and U.S. financials are getting a boost in today's trading.
Deutsche Bank (NYSE:DB) is trading higher by 12.8%, while UBS (NYSE:UBS) trades up 8%.
Barclays (NYSE:BCS) is trading up 11.7%, and Lloyds Banking Group (NYSE:LYG) is trading up over 6.4%.
In the U.S., Citigroup (NYSE:C) is trading higher by 6.2%, while Bank of America (NYSE:BAC) trades up 5.4%. Goldman Sachs (NYSE:GS) is trading up 5%, and Morgan Stanley is trading up 9.6%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
VF is an awesome community of bright, serious, passionate
Launch related slideshow:
Tuesday 6/18 Insider Buying Report: CTSH
Tuesday 6/18 Insider Buying Report: PAY, XLS
Monday 6/17 Insider Buying Report: VSTM, ACG
Daily Wrap: June 18, 2013
Chevron Signs Exploration Deal With Kurdish Government
Sprint Aims to Block Clearwire Deal in Court
Analyst Moves: PXD, KR, HAIN
New Analyst Coverage: LNKD, Q, TMUS
Analyst Moves: TEX, WMB, WETF
Tuesday Sector Leaders: Agriculture & Farm Products, Entertainment
Tuesday Sector Laggards: Precious Metals, Homebuilders
Monday Sector Leaders: Vehicle Manufacturers, General Contractors & Builders
Tuesday's ETF with Unusual Volume: IWX
Tuesday's ETF Movers: AXSL, GDXJ
EWH, UGE: Big ETF Outflows
Daily Dividend Report: FITB, IVR, AMTG, SUI, USB
Daily Dividend Report: SRE, LLY, AMAT, RL, PETM
Daily Dividend Report: CHK, SRC, KCAP, ROP, CPT
Jobless Claims Fall to New Five Year Low
US Employers Add 175k in May
Jobless Claims Fall By 11,000
Weekly Market Wrap: June 14, 2013
Weekly Market Wrap: June 7, 2013
Weekly Market Wrap: May 31, 2013
Week Ahead Market Report: June 17, 2013
Week Ahead Market Report: June 10, 2013
Week Ahead Market Report: June 3, 2013