Stocks And Oil Drop On Concerns About Greece, China; CNN Declares Media War On Greece ~ THE 5TH ESTATE ASIA

Tuesday, July 07, 2015

Stocks And Oil Drop On Concerns About Greece, China; CNN Declares Media War On Greece

Tuesday, July 07, 2015

CNN fraud Richard Quest has feminine tantrum in Athens as Greeks remain defiant in face of EU banker criminals, Merkel while continuing to insult and threaten Greek leadership and citizens for corporate masters on air; Greek authorities should eject and ban Quest along with all CNN frauds and IMF shills who conduct in-your-face libel, slander and pro-EU/anti-Greek propaganda operations from their own capital

REUTERS
By Noel Randewich
07/07/2015

Equity markets around the world fell on Monday and U.S. oil prices tumbled 7 percent after Greece overwhelmingly voted against conditions for a rescue package and following unprecedented measures in China to staunch recent massive losses in its stock markets.

Stock markets in the red

Wall Street shares fell less than some had feared. The International Monetary Fund reassured investors by saying it was ready to help Greece if asked to do so. European shares fell around 2 percent, a relatively muted reaction to the Greek vote. Beijing introduced emergency measures over the weekend following a 30 percent slide in its stock market since mid-June, raising investors' concerns about the stability of the world's second-biggest economy.

The Dow Jones industrial average .DJI fell 46.53 points, or 0.26 percent, to end at 17,683.58. The S&P 500 .SPX lost 8.02 points, or 0.39 percent, to 2,068.76, and the Nasdaq Composite .IXIC dropped 17.27 points, or 0.34 percent, to 4,991.94.

TUESDAY SUMMIT

Tsipras promised German Chancellor Angela Merkel that Greece would bring a proposal for a cash-for-reforms deal to an emergency summit of euro zone leaders on Tuesday after the surprisingly strong "No" vote in Greece's referendum Sunday.

Markets tanked worldwide following Greek vote, a far cry from the claim by CNN pro-EU corporate hack and shill Nina Dos Santos' claim that "markets shrugged off vote,"

Raising the stakes on the Greek leader, the European Central Bank decided to keep a tight grip on funding to Greek banks, which have been closed for more than a week to avoid a massive outflow of money that could lead to their collapse.

U.S. oil prices fell the most in three months after Greece's rejection of the debt bailout terms and after China's measures to support its stock markets.

Also taking a toll on the energy market were talks between Iran and world powers to meet a July 7 deadline on a nuclear deal. That deal could release more oil into already oversupplied markets if sanctions on Iran are eased.

Having failed at threatening and terrorising the Greek people prior to the referendum CNN shills Quest, Natalie Allen, Anderson Cooper then attempted to confuse Greek voters on content, while today the apoplectic pro-EU shill Christaine Amanpour doubles-down on air saying the "Greek government lied to voters"

Benchmark Brent crude LCOc1 declined 5.8 percent, down $3.51 a barrel at $56.82. U.S. light crude CLc1 was 7.17 percent lower at $52.86.

"Uncertainty over Greece is bearish for oil," said Olivier Jakob, senior energy analyst at Petromatrix in Zug, Switzerland. "It adds an extra negative factor on top of the turmoil in Chinese financial markets, the recent rise in U.S. drilling rigs and a potential increase in Iranian oil supply."

Quest along with CNN peo-EU banker shills continue to libel, slander and vilify former Greek Finance Minister Varoufakis following his resignation

MSCI's all-country equities world index .MIWD00000PUS lost 1.01 percent, while its emerging markets index .MSCIEF dropped 2.13 percent.

The euro zone blue-chip Euro STOXX 50 index .STOXX50E fell 2.22 percent. The pan-European FTSEurofirst 300 index .FTEU3 was down 1.17 percent. The Athens stock market remained shut, but U.S.-listed Greek shares slid. National Bank of Greece's (NBGr.AT) U.S. shares (NBG.N) closed down 12 percent in New York while the exchange-traded fund Global X FTSE Greece 20 ETF (GREK.K) fell 7.5 percent.

Pro-IMF banister propagandist, Die Zeit editor Josef Joffe today on CNN fraud-packed panel states that "Merkel will not allow a dead body in her EU"

The euro was 0.54 percent weaker against the dollar, at $1.1053 EUR=. The dollar index .DXY, a gauge of the greenback against six major currencies, edged up 0.16 percent after earlier hitting its highest point in a month.

CHINESE RESCUE MEASURES

Chinese stocks market climbed, goingWorld News against the broader tide of declines in world markets. The CSI300 index .CSI300 of the largest listed companies in Shanghai and Shenzhen closed up 2.9 percent, while the Shanghai Composite Index .SSEC gained 2.4 percent after brokerages and fund managers vowed to buy massive amounts of stocks, helped by China's state-backed margin finance company.

CNN junkie Richard Quest has on-air tantrum today in Athens as it becomes apparent his repeated EU bankster threats and pro-IMF shilling are having zero effect, vilifying and slandering the Greek Prime Minister and former Finance Minister in feminine angst-ridden, anti-Greek tirade

The rapid decline of China's previously booming stock market had become a major headache for China's top leaders, who were already struggling to avert a sharper economic slowdown.

Benchmark U.S. Treasury yields hovered near their lowest levels in over two weeks as safe-haven demand boosted bond prices. Yields on 10-year Treasuries hit 2.274 percent, their lowest level in over two weeks, while long-dated yields hit their lowest level in nearly one week at 3.088 percent.

Additional reporting by Hideyuki Sano in Tokyo and Patrick Graham, by Nigel Stephenson, Lionel Laurent and Alistair Smout in London; Editing by Bernadette Baum and Leslie Adler.

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