Siap siap pasang kewaspadaan. GLOBAL MARKETS-Persistent Greece worry saps euro, world shares
Reuters - 29 minutes ago * World stocks upended as concern over Greece debt lingers * Euro slide extended, trading at lowest in a year * Central bank rate policy may reinforce dlr strength By Jeremy Gaunt and Al Yoon LONDON/NEW YORK, May 4 - Global shares and the euro dropped on Tuesday amid concern EU officials will not be able to stop the spread of the euro zone sovereign debt crisis. The premium investors demand to hold bonds from other debt-laden European nations rose, despite a hefty aid package developed last weekend for Greece. The single-currency that ties 16 nations hit its lowest in a year. World stocks as measured by MSCI <.MIWD00000PUS> fell 2.3 percent, dragged down by losses of 2 percent or more for indexes across Europe and the United States. Investor skepticism about efficacy and implementation of a planned 110 billion euro aid package to Greece reasserted itself on the equity markets buoyed on Monday by other signs of global economic recovery. "These measures were not delivered early enough to prevent Greece from being priced out of financial markets and considerable damage being done, which has made the longer-term adjustment even more difficult," HSBC strategist Phil Poole wrote in a note to clients. In exchange for the aid, Athens has promised to carry out spending cuts and tax increases worth 30 billion euros over three years, on top of belt-tightening measures already taken. A Moody's Investors Service official said the bailout does not mark the end of the country's fiscal crisis because the key is whether the country can adjust to meet the budget deficit targets it has agreed to. U.S. shares declined at the open in New York, echoing drops in Europe that fully erased 2010's gains for one key index. The Dow Jones industrial average <.DJI> fell 157.43 points, or 1.41 percent, to 10,994.40. The Standard & Poor's 500 Index <.SPX> slipped 18.55 points, or 1.54 percent, to 1,183.71 and the Nasdaq Composite Index <.IXIC> declined 57.93 points, or 2.32 percent, to 2,440.81. Europe's FTSEurofirst 300 <.FTEU3> fell 2.3 percent to 1,040.44. Germany's DAX <.DAX> declined 2.1 percent, while Spain's IBEX 35 <.IBEX> slumped 4.6 percent
