Risk Aversion Intensified amid Greek Problems, Division on EFSF Leverage and Expansion
SylviaHunt30Market sentiment soured despite generally better-than-expected headline PMIs in September. Investors' concerns concentrated in sovereign debt crisis in the Eurozone and its spillover to other parts of the world. Talks of expanding and leveraging the EFSF were downplayed by Juncker who said the ceiling of the rescue fund shouldn't be raised and the ECB should not be involving in any future leveraging of the fund. Wall Street slumped with DJIA and S&P 500 flirting with new lows of the year.
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Risk Aversion Intensified amid Greek Problems, Division on EFSF Leverage and Expansion
