Friday, September 16, 2011

Quick Overview

  • U.S. consumer sentiment rose to 57.8 in the preliminary reading for September after tumbling to a nearly three-year low 55.7 in August

  • Luxembourg Juncker said “we don’t see any room for maneuver in the euro area which could allow us to launch new fiscal stimulus packages. That will not be possible.”
  • The Finnish Finance Minister said it was unlikely that any agreement on collateral would be reached at this meeting…

  • There are definitely some ongoing concerns of interbanking markets starting to freeze up at major European banks -- therefore central banks joined forces to provide liquidity. French banks hold €50 billion (£44 billion) of Greek debt. Trichet tells politician’s to get ahead of the curve.

  • India’s central bank raised interest rates to 8.25 percent from 8 percent -- the 12th increase since the start of March 2010.

  • (AP) -- Wildlife biologists on Friday will evacuate two species of minnows from the shrinking waters of a West Texas river in the first of what could be several rescue operations involving fish affected by the state's worst drought in decades.

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