Greece bailout stock market

NEW YORK World stock prices slipped on Tuesday on concerns about the political outlook in Europe and U. Oil prices declined on worries about global oversupply despite OPEC's pact last week to extend its crude output cut until the first quarter of The MSCI world equity index.

MIWDPUS, which tracks shares in 45 nations, fell 0. On Wall Street, the Dow Jones Industrial Average. DJI closed down IXIC finished down 7. Data on Tuesday showed U. The lack of progress on tax cuts and other stimulus measures from Washington has also weighed on the outlook for company profits and broader economic activity, analysts said. Most Federal Reserve policymakers have not backed away from their expectations of two more rate increases by the end of , as they see the U.

However, Fed Governor Lael Brainard said on Tuesday a rate hike may occur soon, while the central bank may want to refrain from further increases if inflation remains soft.

In Europe, elections in Italy may come as early as September after the 5-Star Movement became the fourth big party to back a switch to a proportional electoral system.

Greece's debt problems also continued to simmer after it failed to reach a deal on the next installment of its bailout program earlier this month.

Europe's broad FTSEurofirst index. With worries about the United States and Europe, the yen strengthened against the dollar and euro. It was up 0. Safety bids lowered the year U.

Reporting by Herb Lash, Gertrude Chavez-Dreyfuss, Sam Forgione, Devika Krishna Kumar in New York, Marc Jones, Patrick Graham, Zandi Shabalala in London and Nithin Thomas Prasad in Bengaluru; Editing by Nick Zieminski and Dan Grebler. LONDON Oil was mostly flat on Wednesday, after paring earlier losses, but was set for its biggest price drop in the first half of the year since , a sign that investors are discounting evidence that major producers are sticking to a deal to cut output.

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Greece in crisis - CNNMoney

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Business News Tue May 30, 4: Traders work in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, May 29, Traders work on the floor of the New York Stock Exchange NYSE in New York, U.

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Stocks dip as bonds, yen rise on cautious outlook | Reuters

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