May 16 - A look at the close of the European markets and a look ahead to the next day's trading as well as what to expect from Asian markets overnight.
Fear grips Europe's financial markets as investors shift into safe havens Greece's president says the political chaos risks causing panic and run on the banks. As the country appoints a judge to lead an emergency government to a fresh election on June 17. Other headlines on Reuters today the Europe bombs and you full month low against the dollar it's not just Greece but the struggling economies of Italy and Spain it's true. But it causing investors fleeing to safer assets strong among the first torch in the French -- president hormones election pushes the yield. On five year bonds to a record low as investors seek a safe haven amid the Euro zone's deepening crisis. And Serbian general radko Mladic tones genocide subprime business -- trial begins in The -- I lost major case arising from the Yugoslav wars of the 1990s. Bank of England Governor Mervyn King warns of a storm heading Britain's way as he flags the eurozone crisis. As the nation's biggest economic threat. And our biggest trade under the Euro area is turning itself at all without any obvious solution if there were two feet. Major do developments in the Euro area there was sort of -- in -- might have to respond. Coming up Thursday we'll get a clearer picture of the precious facing Spain's economy with the release of first quarter GDP data. Concerns over its growth prospects and budget deficits of pushed the yield on the ten year bond went about 6%. Economists say that's little prospect of any growth at Alicea. I think we're on our own base case folks who got -- going next year. But tossed into the back in the next just all of a -- we look for a contraction. This -- -- -- -- by in terms of course to go to court to go to resume in Spain possibly the second half -- next up. And employment ministers of the G-20 meeting in Mexico to find ways of stimulating jobs growth the OECD says they must focus. On solving mass unemployment among young people. That is so for now say June 2 inside liberal religious business economic and market news I'm acts of -- this is --