Saxo Group Videos

Videos Channels Search

Jakobsen: Why the pain in Portugal will really hurt

Steen Jakobsen analyses the continuing crisis in Portugal as the Banco Espirito Santo group struggles to shake off problems linked to alleged financial irregularities. The markets were rattled by the sudden drop in the bank's share price at the end of last week and today shares fell again, by as much twenty percent.


Steen Jakobsen says: "Today we have a deadline for the bonds, we'll see what happens, but the CDS, the insurance premium for the bonds, is rising and the bonds are dropping like a stone".

The Banco Espirito Santo group crisis is far from over, the fear within markets is that the problems could spread within Europe.   

01:44 minutes
Tags: banco espirito santo, bank, bond, bond buy, bond buying, bond buying programme, bond buying us, bond complexity, bond inspiration, bond investing, bond investment, bond investments, bond investor, bond investors, bond market, bond market 2014, bond markets, bond portfolio, bond portfolios, bond purchase, bond purchases, bond strategy, bond yield, bond yield rate, bond yields, bond-buying programme, bond-buying purchasing, bondbuying, bondmarket, bonds, bonds 2014, bonds and equties, bonds hedge, bonds hedging, bonds market, bonds or shares, bonds to equities, bonds update, bonds v equities, bonds v stocks, bonmd, bonmdbond, equity strategy, portfolio strategy, portugal, portugal economy, sahres, saxo tv, share price, shares, shares 2014, shares and tapering, shares down, shares drop, shares drops, shares europe, shares or bonds, shares prices, shares up, short, steen jakobsen, stocks, stocks markets, stocks to watch, stocks unstoppable, stocks v bondss, strocks, tradingfloor.com

Switch to