A bailout deal was reached over the weekend, but for those expecting the market to greet the huge bailout package as liberation from the numerous problems underlying the need for such a package, they were sorely mistaken.
In typical buy the rumor sell the fact fashion, equity markets opened much lower this morning. How this will affect an expected Monday House vote on the plan is unknown.
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Banks urge EU lawmakers to back derivatives competition
Banks in the European Union are urging lawmakers to drop their opposition to plans for boosting competition in the clearing of derivatives trades.
ProShares launches ETF that targets highly rated corporate bonds
The ETF invests in covered bonds, a type of collateralized corporate debt typically issued by non-U.S. financial institutions.
Euro falls to 22-month low as German business confidence slides
The euro traded close to the weakest level since July 2010 versus the dollar as German business confidence slid and manufacturing shrank, stoking concern fallout from the debt crisis is spreading.
Crude options volatility rises as futures near $90 a barrel
Crude-oil options volatility rose for the first time in three days as underlying futures slipped below $90 a barrel.
