This page has been archived and commenting is disabled.
Frontrunning: October 11
- New bankruptcy ripples may emerge in tough economy (Reuters)
- Europe’s banks may get €200bn bailout (Independent)
- US to unveil criteria for picking “systemic” firms (Reuters)
- China Props Up Bank Shares (WSJ) as reported yesterday
- Europe warned of systemic crisis over debt (Reuters)
- US Voters Will Weigh Ballots Focused on Budgets, Higher Taxes (Bloomberg)
- Regulators stand up for new capital rules (FT)
- Jobs Panel Pushes Help for Start-Ups (WSJ)
- Dutch favour tough stance for Eurozone (FT)
- BIS Report Aims to Debunk Banks’ Criticisms on Capital Rules (WSJ)
- Trichet Sees ‘Systemic’ Risk as Greek Writedowns Divide EU (Bloomberg)
- China Adds to Japan Debt Again After 10 Months (Bloomberg)
- What the Occupy Wall Street crowd should be saying (Reuters)
European economic highlights:
- UK Manufacturing Output for August 0.01%m/m 1.8%y/y. Previous 0.1% m/m 2.0% y/y.
- UK Industrial Production for August 0.1%m/m -0.9% y/y. Previous -0.2% m/m -0.7% y/y.
- UK Trade Balance for August -4.5bn. Previous -4.45bn.
- UK Trade in Goods for August 8.8bn m/m. Previous 8.92bn m/m.
- UK DCLG House Prices for August -1.3%. Previous -1.5%.
- Sweden Consumer Prices for September 1.5% y/y - in line with expectations. Consensus 1.5% y/y. Previous 1.6% y/y.
»
- 2695 reads
- Printer-friendly version
- Send to friend
- advertisements -
The ES and SPX appear ready for a pullback as plenty of resistance is ahead in the short term. This alligns with some CL weakness and the DX strength. http://bit.ly/nXET06
black tuesday here we come
Currency Exchange Rate Oversight Reform Act of 2011
SEC. 4. IDENTIFICATION OF FUNDAMENTALLY MISALIGNED CURRENCIES. SEC. 5. NEGOTIATIONS AND CONSULTATIONS.(1) ADJUSTMENT UNDER ANTIDUMPING LAW
(2) FEDERAL PROCUREMENT
(3) REQUEST FOR IMF ACTION
(4) OPIC FINANCING
(5) MULTILATERAL BANK FINANCING
(A) IN GENERAL- The Secretary shall consult with the Board of Governors of the Federal Reserve System to consider undertaking remedial intervention in international currency markets in response to the fundamental misalignment of the currency designated for priority action
(B) NOTICE TO COUNTRY
(2) REMEDIAL INTERVENTION
(1) ACTION AT THE WTO
(a) In General- Upon designation of a currency pursuant to section 4(a)(2), the Secretary shall seek to consult bilaterally with the country that issues such currency in order to facilitate the adoption of appropriate policies to address the fundamental misalignment.
SEC. 6. FAILURE TO ADOPT APPROPRIATE POLICIES. SEC. 7. PERSISTENT FAILURE TO ADOPT APPROPRIATE POLICIES.Does this mean we are laying groundwork to invade Swtizerland? 'Cause I hear thers is gold in them thar hills.