“The euro clawed back against the dollar and other currencies amid buzz in the market that Greece is considering leaving the European Union,” CNBC reports. “A spokesperson for Greece categorically denied the debt-riddled nation is considering such a move.”
CNBC reports, “Earlier, the euro hit a four-year low against the dollar after German Chancellor Angela Merkel said the euro was in danger and as Germany banned naked short selling of some securities. This came as the SEC released proposed new rules on single stock trading, to prevent a stock being driven down to a penny like some were during the May 6 market freefall. And Congress is about to make a preliminary vote on financial reform.”
CNBC reports, “Still, Sterne Agee initiated coverage of Apple with a ‘buy’ rating and slapped a $300 price target on the stock, saying it doesn’t see a slowdown for the iPhone and iPad maker.”
Full article here.