25IQ

Posting every day is really hard work.

WSJ: “This year, about 40% of the weekly movements in the S&P 500 index can be explained by weekly fluctuations in energy prices, says Michele Gambera, head of quantitative analysis at UBS Global Asset Management. That is twice the level of similarity over the past five years and roughly 20 times the level of the past two decades.”

European finance ministers approved a request from Ireland for a multibillion-euro emergency rescue.The bail-out is expected to total €80bn-€90bn… Ireland will have to cut fast and deep.” http://www.ft.com/cms/s/0/9338047c-f5a0-11df-99d6-00144feab49a.html#axzz15xSeKJEK

The top 35 US banks will be short of between $100bn-$150bn in equity capital after the new Basel III global bank regulations are imposed, with 90 per cent of the shortfall concentrated in the biggest six banks… the study assumes the banks will need to hold top quality capital equal to 8 per cent of their total assets, adjusted for risk.  http://www.ft.com/cms/s/0/42d42de2-f593-11df-99d6-00144feab49a.html#axzz15xWmconh