Greek Contagion Across Markets Muted as Crisis Seen Quarantined
Investors Should Take Greece Risks Off the Table: Juckes
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Financial markets barely shuddered after Greek voters rejected austerity demands, with the euro slipping less than 0.4 percent, in a sign investors see the crisis there contained for now. Brent crude sank below $60 a barrel.
The Standard & Poor’s 500 Index slipped 0.7 percent at 2:26 p.m. in New York, while the Stoxx Europe 600 Index lost 1.2 percent. The declines were muted compared with a week ago, when Greece first announced a referendum. The euro declined 0.5 percent to $1.1060, paring a loss of as much as 1 percent. Treasury 10-year yields fell eight basis points to 2.30 percent.