Volcker on Volcker's Rule 2.2.10
Volcker on Volcker’s Rule
Similar Posts
Renault, Nissan, Daimler Join Forces
Automakers Renault, Nissan and Daimler agreed to swap stakes in a bid to increase scale and share costs Wednesday. “There’s a demand for premium small cars growing, so we definitely want to participate and we want to do that successfully,” Dieter Zetsche, chairman of Daimler told CNBC. Carlos Ghosn, chairman and CEO of Renault-Nissan, also spoke to CNBC.
UK Hikes Top Level Income Tax
The UK has one of the highest personal tax systems in the world after the top rate of income tax was raised to 50% Tuesday. Jeremy Cape from Denton Wilde Sapte and David Brunning from Brunning Newman Houghton discuss
CPI & Jobless Claims
Insight on the government’s second report on inflation, with CNBC’s Rick Santelli.
ECB Holds Rates Steady
The European Central Bank left interest rates unchanged at 1% Thursday, as widely expected. João Borges de Assunção from Católica School of Business, Charlie Morris from HSBC Global Asset Management and Brendan Brown from Mitsubishi UFJ Securities International have analysis.
BOJ Under Pressure
Japan has revised downwards its Q4 GDP growth to 0.9%. Frederic Neumann, senior Asian economist at HSBC, tells CNBC’s Martin Soong & Karen Tso that this revision adds pressure on the BOJ to extend its easy monetary policy.
S&P About To Retest 1040 Support?
“As far as I’m concerned the technicals are in tact, says Guy Adami. We said the S&P would over-correct to the upside and trade up to 1130 and then turn lower — and it did. Now we’re likely in the next leg lower. We have to see what happens as the S&P trades down to the lower end of the range – around 1040 – will it hold next time we test it?
The patterns in the S&P suggest that support will not hold this time, adds Oppenheimer’s Carter Worth. My persumption is we break lower. I think we go to 980. I don’t think a great crash is coming but we are clearly entering a period when the downside should be the focus of investors.”
