So will we finally hit the stops above 6084.50 ? About time....
Short DAX at 7740
- Thread starter ASusilovic
- Start date
Stop fishing above 6084.50, now print 6040.00. I know, London can´t resist. Buying into this weakness...
(Reuters) - Bankers and officials in Greece, Spain and Belgium joined a chorus of countries expecting their banks to pass European stress tests, but doubts linger over whether the health checks are tough or transparent enough.
Europe is assessing how 91 banks across 20 countries would cope with another economic downturn in an effort to restore confidence after Greece's sovereign debt crisis hit markets and sparked fears the euro zone could unravel.
With banks exposed to major potential losses on Portuguese, Greek or Spanish government debt, the crisis has hurt confidence in big names such as Santander, and shut smaller lenders, especially in southern Europe, out of funding markets.
The Committee of European Banking Supervisors (CEBS), which is overseeing the stress tests, said results would be released on an aggregated and bank-by-bank basis from 1600 GMT on Friday.
"The intention is that it provides reassurance to investors ... the test is helpful but I do not think it is a panacea for providing that boost of confidence that regulators and politicians are hoping for," said Nick Brind, fund manager of the Hiscox Investment Management Income Fund.
"I do not think it is necessarily stringent, I do not think is transparent or that it will provide any more visibility."
The vast majority of banks are expected to pass and the aim is to pinpoint weak spots and force weaker banks to raise cash.
Europe is assessing how 91 banks across 20 countries would cope with another economic downturn in an effort to restore confidence after Greece's sovereign debt crisis hit markets and sparked fears the euro zone could unravel.
With banks exposed to major potential losses on Portuguese, Greek or Spanish government debt, the crisis has hurt confidence in big names such as Santander, and shut smaller lenders, especially in southern Europe, out of funding markets.
The Committee of European Banking Supervisors (CEBS), which is overseeing the stress tests, said results would be released on an aggregated and bank-by-bank basis from 1600 GMT on Friday.
"The intention is that it provides reassurance to investors ... the test is helpful but I do not think it is a panacea for providing that boost of confidence that regulators and politicians are hoping for," said Nick Brind, fund manager of the Hiscox Investment Management Income Fund.
"I do not think it is necessarily stringent, I do not think is transparent or that it will provide any more visibility."
The vast majority of banks are expected to pass and the aim is to pinpoint weak spots and force weaker banks to raise cash.
Quote from ASusilovic:
Armada of puts beginning at 6050, 5950, 5850, 5650. If the London desks want to do me a favor - let them run ITM.
Hum, seems our London frienly neighbourhood is very eager to hand me over some serious Euro, or ?
5985.50. Thanks London for you co-operation. Now, can we start the Goldman rally ? 
Buy 5955.00 or better.
LONDON (MarketWatch) -- Daimler AG said Tuesday that sales of its luxury Mercedes-Benz lineup surged 69% in India through the first half of the year, earning the brand the distinction of being the strongest premium nameplate in one the world's fastest-growing car markets. Mercedes sales jumped 83% in June alone compared with the same month a year ago. "Sales substantially exceeded our expectations in the first half of 2010, supported in particular by the success of the new E-Class," Joachim Schmidt, head of Mercedes sales and marketing, said. "As was the case in the first six months, we are also aiming to achieve record sales for the full year 2010.
Unbelievable strong results...
Unbelievable strong results...
Almost 29.000 contracts traded below 5980.00. Nice lunch to come...