Greece on the brink of bankruptcy. Declines on Wall Street – PortalSpozywczy.pl

The last in this week’s session on Wall Street ended with slight declines in declines in major indexes after increases in the previous days. The main attention of the markets and investors focused on the situation in Greece, which is now on the verge of bankruptcy – PAP reported.

At the close the Dow Jones Industrial fell by 101.56 points. (0.56 per cent.) And amounted to 18,014.28 points.

S & amp; P 500 lost 11.48 points. (0.54 per cent.) And amounted to 2,109.76 points.

The Nasdaq Composite dropped by 15.95 points. (0.31 per cent.) And amounted to 5,117.00 points.

For the full week, the Dow gained 0.6 percent. The S & amp; P strengthened by 0.7 percent. and the Nasdaq rose 1.3 percent.

“The situation Greece is currently the dominant theme in the markets. The day, which eventually will have to explain further the question of the country’s future in the euro area” – said the CNBC David Kelly, chief investment strategist at JPMorgan Funds.

On Monday convened an extraordinary summit was euro zone countries, who will address the matter of aid to debt-ridden Greece. On Thursday without agreement ended with a meeting of finance ministers of the euro.

Greece reached an agreement with its creditors and will remain in the euro zone – assured on Friday, Prime Minister Alexis Cipras. The head of government in Athens has welcomed a decision to carry out the plan of Monday’s summit.

The European Central Bank meanwhile increased emergency funding for banks in Greece, to provide them with liquidity – Greek sources reported after Friday’s board meeting of the ECB. The amount you will receive the banking sector threatened by capital flight, is not given to message the public. ECB’s Executive Board decided on the matter after the teleconference by decreeing that the banks need more support, because the Greeks massively withdraw from their savings in fear of the collapse of the system.

The S & amp; P 500 gained 1 percent on Thursday. Nasdaq rose by 1.3 per cent., Which allowed ago the index to achieve new historic highs. Nasdaq on Thursday also set a new historic peak during the session, improving the previous record of 2000.

Positive sentiment on US stocks earlier this week that effect statement after the meeting of the Federal Reserve. The Fed suggested it as an opportunity to translate deadlines for interest rate hikes in the US.

The possibility of a future increase in interest rates than assumed so far in September, also suggested data on CPI inflation in the US in May, which showed a lower than expected increase in prices in the US last month.