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2024
September 27th, 2011 at 8:31 am
Hopes for a beefed up European bailout fund, oversold conditions rally metals and equities. From Bloomberg News.
European banks’ access to longer-term funding was dramatically squeezed this quarter. Dealogic data shows that only $34B of senior unsecured debt was issued by the region’s financial institutions. This will be the lowest amount in more than a decade. From the Wall Street Journal.
U.S. equity short interest increased 5.5% on the NYSE and 4.25% on NASDAQ in the two week period ended September 15th fro the August 31st data. These are the highest levels since 2009, and could provide some fuel to any rally. From the Wall Street Journal.
Schaeuble..
Solidarity cannot replace a government’s resolve to reform its economy
Immediate fiscal consolidation needed in Greece, Portugal, Italy and Spain
Governments must just not commit, but deliver; now is time for bold steps
Strengthening euro may need treaty changes and may take time