Another default scare over the weekends caused investors to sell their stocks more actively, since Greece was not able to meet its lower-end budget targets. The country is potentially to run out of funds in two weeks and only stabilization funds will prevent country from defaulting. European community is repetitively stating that Greece will get its aid on time to avoid default and chain reaction of problems in Europe. Additional fact that brought attention of the global community is the fact of decline in production in China, signalizing for the potential decrease in demand for commodity groups. Speculations and rumors at the moment have the biggest effect on stock prices.

UAIndex