Short DAX at 7740

June 30 (Bloomberg) -- The European Central Bank said it will lend banks 131.9 billion euros ($161.5 billion) for three months, less than economists forecast and a sign that the region’s financial industry may be stronger than investors estimated.

Banks tomorrow need to repay 442 billion euros in 12-month funds, the biggest amount ever awarded by the ECB and a key plank in its efforts to fight the financial crisis last year. Demand for the three-month cash today was a litmus test for the health of Europe’s banking system, economists said.

Demand was “surprisingly low and certainly a lot less than markets expected,” said Nick Kounis, chief European economist at Fortis Bank NV in Amsterdam. “It suggests that while there are certainly stresses in the system in some regions, it’s not as bad across the board as many people thought.”

Buy.
 
This is becoming not only ridiculous but pathetic and has nothing to do with a reflexion of reality. As usual 150 % fear mongering.

FDAX 5902.00 print.

:)
 
Quote from ASusilovic:

This is becoming not only ridiculous but pathetic and has nothing to do with a reflexion of reality. As usual 150 % fear mongering.

FDAX 5902.00 print.

:)
More...

Well, I kind of expected that kind of move. I took sep FTSE at 4800.
 
Quote from archimg77:

Well, I kind of expected that kind of move. I took sep FTSE at 4800.
More...

I am not amused. Although FDAX is running into my armada of put protection, I am a FDAX dip buyer.
 
You must log in or register to reply here.
Back
Top