MorningWord: 12/8/11: The ECB cut 25bps as expected and while the markets originally held in there, they have since reversed. S&P futures are down about 80bps as the head of the ECB failed to suggest …
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FT The European Central Bank has cut eurozone official interest rates for a second consecutive month in response to the region’s escalating debt crisis and darkening economic prospects. The reduction in the ECB’s main policy …
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CNBC The International Monetary Fund on Wednesday denied a report in Japan’s Nikkei newspaper that the Group of 20 nations were planning to assemble a $600 billion IMF lending facility that could be used to …
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As everyone waits on the big EU Summit on Friday, the ECB will make their presence known in a meeting tomorrow morning. From Bloomberg: The European Central Bank may announce a range of measures tomorrow …
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MorningWord: 12/7/11: As I write at 8:30am this morning, European Equity markets and our futures have reversed earlier gains (DAX was up 1.8% and S&P futures at one point close to 1%) and now down …
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FT Eleventh-hour negotiations have begun to create a much bigger financial “bazooka” to present at this week’s European Union summit that could include running two separate rescue funds and winning increased support for the International …
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MorningWord: 12/6/11: The SPX continues to be a flight to quality among equity investors, demonstrating its relative strength yesterday by closing up 1% in the face of S&P putting 15 European Nations on Downgrade watch …
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MorningWord: 12/5/11: To look at Friday’s 4pm close of practically unchanged for the day didn’t tell the full picture, as the SPX was up a little more than 1% after the open, but more impressively the banks …
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MorningWord: 12/2/11: Well we got the all important jobs number this morning and while the headlines seem slightly better than people were expecting, particularly the unemployment rate at 8.6%, the lowest since March 2009, the …
Continue reading2nd Update Dec 1st at 11:33am: MS closed the second half of this dec 15/16 call spread at .26, so at an average of .305 for a total profit of .135 on the trade. Update …
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