Originally shared by Miguel Afonso Caetano""There is worry about contagion," said Thomas Roth, a government bond trader at Mitsubishi UFJ Securities (U.S.A.) Inc. "The theory is that it could lead to bank failures and throw us back into recession."
Nick Lawson, a London-based equity trader at Deutsche Bank AG spoke of "the memories of 2011 coming back."
But many investors and traders said they didn't see signs of panic in financial markets world-wide. Trading volumes picked up from low levels and the CBOE Volatility Index rose 12% but remained well below long-term average levels.
It's the "fear of fear" that's driving the selloff in stocks, said Steven Wieting, global chief investment strategist at Citi Private Bank.
Amid the market turmoil in Europe, some southern European companies postponed stock and bond offerings."
Nick Lawson, a London-based equity trader at Deutsche Bank AG spoke of "the memories of 2011 coming back."
But many investors and traders said they didn't see signs of panic in financial markets world-wide. Trading volumes picked up from low levels and the CBOE Volatility Index rose 12% but remained well below long-term average levels.
It's the "fear of fear" that's driving the selloff in stocks, said Steven Wieting, global chief investment strategist at Citi Private Bank.
Amid the market turmoil in Europe, some southern European companies postponed stock and bond offerings."
Global markets tumble on Portuguese bank woes.