Wall Street Webcasting Presents Wells Fargo Securities: Liquidation Fears and Economic News
NEW YORK--(BUSINESS WIRE)-- Wall Street Webcasting presents exclusive video of Rich Gordon, the highly regarded Fixed Income Market Strategist of Wells Fargo Securities (NYSE: WFC) . This week Gordon focuses on three big news items that have affected the markets the past week.
The big question on the table right now is; who is paying the hundreds of millions needed to recapitalize the banking system of the EU? Germany refuses to bite the bullet for Cyprus's bank bailout. In turn, Germany has come up with a three step bailout plan for Cyprus, which focuses around Cyprus liquidating a good amount of their gold reserves. The problem is Cyprus does not have that much gold to begin with.
Also, China reported its first quarter GDP to be 7.7%, which would be amazing for the US, but for China, this is disappointing; as they need at least 9% to maintain their current growth rate.
Finally, Gordon discusses the bombings that took place at the Boston Marathon and the impact they had on the stock market.
To hear Germany's three step plan for Cyprus, as well as, why commodities have been trading off since February, tune into Wells Fargo Securities' newest video.
Please visit the following link to view the video:
Wall Street Webcasting
Tracy Lewin, 201-683-2100
KEYWORDS: United States Asia Pacific North America China Cyprus Massachusetts New York Middle East
The article Wall Street Webcasting Presents Wells Fargo Securities: Liquidation Fears and Economic News originally appeared on Fool.com.
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