DAX Falls on Greek Fears

Germany’s blue-chip Dax stock index moved further into correction territory on Tuesday, as jitters about the future of cash-strapped Greece took a bite out of its stellar performance this year.

The Dax was down almost 1 percent at 10,956 in Europe on Tuesday, having tumbled more than 11 percent from a high hit above 12,000 in April. On Monday, the stock index marked a 10 percent decline from its April peak – putting it technically into correction territory.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza