Commentary We publish information about the five most important events happened last week on the market. 1. Draghi said to task ECB panel to mull liquidity options Mario Draghi has asked a European Central Bank panel to study options for new bank funding measures, as policy makers try to figure out how to deal with any future liquidity shortages, two euro-region central bank officials said. Read more: bloomberg/news/2013-10-02/draghi-said-to-task-ecb-panel-to-consider-bank-liquidity-options.html 2. Dollar falls to 8-Month low versus Euro on shutdown; Yen drops The dollar slid to an eight-month low versus the euro as the U.S. government’s partial shutdown continued, adding to concern it will slow economic growth and postpone a tapering of monetary stimulus. Read more: bloomberg/news/2013-10-02/dollar-near-eight-month-low-versus-euro-on-shutdown-impasse.html 3. How low is this market going? Technically the market is in a short-term selling cycle, but how low is it going before the selling is all done? Read more: marketwatch/story/how-low-is-this-market-going-2013-10-01 4. One model, two interpretations Relabelling relations between China and America has not resolved the underlying tensions. Read more: economist/news/china/21586849-relabelling-relations-between-china-and-america-has-not-resolved-underlying-tensions-one-model 5. Wall St. fears go beyond shutdown With Washington preoccupied by the government shutdown, Wall Street is shifting its attention to an even more worrisome situation: the possibility that the government could run out of money within the next few weeks, forcing an unprecedented default on its debt. Read more: nytimes/2013/10/03/business/wall-st-fears-go-beyond-shutdown.html?ref=economy&_r=0
Posted on: Thu, 03 Oct 2013 08:35:14 +0000
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