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IMF to the Rescue?

Market sentiment is improving amid hopes that G20 policy makers willing to take action to stem crisis. Markets keen to focus on Italian vote of confidence and US economic data in North American session. China’s inflation slowed in Sept.…

News Links 10/13/2011

Deutsche to do everything to avoid forced recapitalization: CEO | Reuters Germany's Deutsche Bank (DBKGn.DE) will do all it can to avoid a forced recapitalization, its Chief Executive Josef Ackermann…

News Links 10/12/2011

Harrisburg, Pennsylvania, Files for Bankruptcy, Lawyer Says - Businessweek The city of Harrisburg, Pennsylvania, facing a state takeover of its finances, filed for bankruptcy protection following a…

Euro Bears Camping out in Bratislava

Global stock continue to push higher amid choppy conditions; EuroStoxx reaches 6-week high. Slovakia’s rejection of the EFSF 2.0 is unlikely to derail ratification; EUR/USD breaches 1.38. China’s PBOC reportedly intervened it the Chinese…

News Links 10/11/2011

What Do Steve Jobs' Obituaries Leave Out? His Appreciation for LSD | | AlterNet Apple's legendary co-founder Steve Jobs said acid was one of the most important things he did in his life.…

EFSF Enhancement Hinges on Slovakia

Equity markets paring back recent gains after one-week recovery ahead of Slovakia EFSF vote. Slovakia is the last country to vote on EFSF enhancement; “Yes” vote is not a done deal. News reports indicate China’s SWF is buying bank shares;…

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