As market was pressured in the morning on UBS news … some wanted to see it negative … market not only made it back to Fridays highs … it was even squeezed above the important levels … not long though … FESX holds downtrend … Dax was shortly above it … as even bond insurer [...]
Situation: U.S. Markets: Waiting for FED decision … down a bit this morning on UBS write off (10 bln $) and capital increase (total of 19bln chf) which highlightes struggling financial sector … BUT … a lot of money seems to be available for the big banks who take action on their problems. Asian Markets: [...]
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