Daily US Opening News And Market Re-Cap: September 29

  • The German lower house passed the EFSF amendment bill with a leading conservative lawmaker noting that the coalition did not need to rely on opposition votes.
  • Fed’s Bernanke said the central bank might need to ease monetary policy further if inflation or inflation expectations fall significantly.
  • German BDB confirms that the 90% target rate for private sector involvement in the second Greek bailout has been met adding that the ECB is well prepared to assist EU banks.
  • Greek PM will travel to Paris on Friday to discuss debt crisis with French president Sarkozy according to a source.
  • Banks and other private sector bondholders are resisting the idea of taking larger haircuts on Greek debt by lobbying countries such as Germany and the Netherlands.