Current Weather
The Spy FM

‘Relief Rally’ Weakens As Markets Study Spanish Deal

Filed by KOSU News in Business.
June 11, 2012

After rising sharply earlier today, European financial markets have come off their highs as investors “question the logistics of the $125 billion bailout of Spanish banks and wonder … whether Monday’s gains in financial markets were nothing but a relief rally,” Dow Jones Newswires reports.

The Financial Times says “uncertainty about how the bailout would affect Madrid’s funding profile crept into [Europe's bond] market.”

Still, U.S. stock futures are pointing toward gains on Wall Street, Bloomberg News says, as investors speculate “that the bailout of Spain’s banks will help ease the euro area’s debt crisis.”

And, “this Spanish deal will at least alleviate some concern as we wait another week for the Greek election,” Richard Sichel, chief investment officer at Philadelphia Trust Co., told Bloomberg.

On Morning Edition, NPR’s Philip Reeves said “no one’s in any doubt” that there are more problems ahead in the eurozone as it digs out of its financial crisis. [Copyright 2012 National Public Radio]

Leave a Reply

9PM to 5AM The Spy

The Spy

An eclectic mix of the Spy's library of more than 10,000 songs curated by Ferris O'Brien.

Listen Live Now!

5AM to 9AM Morning Edition

Morning Edition

For more than two decades, NPR's Morning Edition has prepared listeners for the day ahead with two hours of up-to-the-minute news, background analysis, commentary, and coverage of arts and sports.

View the program guide!

9AM to 10AM The Takeaway

The Takeaway

A fresh alternative in morning news, "The Takeaway" provides a breadth and depth of world, national and regional news coverage that is unprecedented in public media.

View the program guide!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center