Reuters Insider - Mood darkens on Greece, French attack

Baader Bank AG

26/06/2015 14:30

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 Source:             Thomson Reuters                                   
                                                                       
 Description:        French consumer confidence holds at a four-year   
                     high, but Greece's failed bid for a debt deal and 
                     news of a possible Islamist attack made for a     
                     nervous mood among traders, and others.           
 
 
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Transcript (May be auto-generated)

                 The mood was already nervous as the first news flashes emerged. An attack 
bearing the hallmarks of Islamist militants. First details saying at least one 
person killed at a gas plant in southeast France belonging to US-based 
industrial gases company Air Products. After 17 people died in February's 
Charlie Hebdo attacks in Paris, it adds to jitters, says IG's Chris Beauchamp. 
It underlines security concerns that exist in Europe at the moment, and arguably
that can translate through to a bit of investor uncertainty, but obviously 
Greece is the main story at the moment. And the main story despite signs of 
improvement elsewhere in the 

Eurozone. After stronger growth numbers earlier this week, French consumer 
confidence came in at stable this month at 94 - for the third month in a row at 
the highest level since November 2010. Greece, though, the main driver as 
investors sought to cut their exposure. Earlier, Germany's DAX opened over 0.5% 
lower. Stefan Scharffetter of Baader Bank. It appears that the final decision 
will be made this coming weekend so we can count on a very turbulent Monday, 
depending on the outcome. The DAX will either shoot up or fall heavily. 
Depending of course on whether last-ditch Eurozone talks on Saturday strike a 
deal - or not. New Democracy Party member, Kyriakos 

Mitsotakis, is among Greek opposition figures demanding the government back 
down. What we need is a deal - even if it is clearly not going to be the best 
possible deal for the country. Mr. Tsipras could have gotten a much better deal 
several months ago. He chose to take this negotiation to it's very end and we 
currently only have a few hours or maximum a few days left. That's not a 
sentiment held by radical leftist protesters who took to the streets of Athens. 
It's enormous blackmail from the European Union and the International Monetary 
Fund, and we think the course Greece must follow is to break away. Either way, 
markets, investors and negotiators are talking of a last chance for a Greek 
deal. And this time, most even appear to believe that themselves