Excerpt from: European Markets
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| July 22, 2010 | | Spread betting and contracts for differences on European markets | Results of European bank stress tests are due tomorrow, but many are calling into question the reliability and credibility of these stress tests. One of the main issues is that sovereign debt does not figure prominently in these stress tests.
Greek banks are among the 91 European banks being considered in the stress tests, and five out of the six are expected to pass. This could become a showcase for why the stress tests are meaningless, especially if analysts feel that Greece's banking system is in more danger than indicated by stress tests.
The optimism over stress tests, as well as the latest euro zone economic data, are sparking a rally in the euro in forex trading, and helping restore some hope for the European Union economy.
| Topic Tags: euro forex trading, European markets, euro zone, Greece, spread bets, spread betting, stress tests | |
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