Stock Market. (PatDollard.com)
One of Portugal’s leading financial institutions, Banco Espirito Santo, had trading halted on their shares after they tanked another 17 percent, down 32 percent on the week. Portugal’s main stock index tanked on the news and we see our S&P indexdown 1% this morning.
Jim Iuorio, managing director at TJM Institutional Services toldCNBC that “there probably is some sort of bubble in the European peripherals and it could have a destabilizing effect.”
Source: CrashCade
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