EVENING REPORT
(5.30pm AEDT)
The tiny island nation of Cyprus appears to have secured a bailout, reaching a deal with its international creditors. It means Cyprus won't have to leave the Eurozone which has alleviated some contagion fears. As part of the deal, - Cyprus's second largest bank will be closed and the government will receive €10 billion in financing from the Eurozone. Today's breakthrough saw the Euro rise, along with Asian markets today.
Read More on International Business Times
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
