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Footsie bullish but DAX selling pressure

The Footsie is headed for another test of 6850/6900. Respect of the zero line by 13-week Twiggs Money Flow indicates healthy long-term buying pressure. Breakout would offer an intermediate target 7300*. 80 more words

UK & Europe

DAX warns of correction

Germany’s DAX retreated below medium-term support at 9700, warning of a secondary correction. Follow-through below 9600 would confirm. Declining 21-day Twiggs Money Flow, below zero, indicates medium-term selling pressure. 173 more words

Stock Markets

Jon Cunliffe: The role of the leverage ratio....

Sir Jon Cunliffe, Deputy Governor for Financial Stability of the Bank of England, argues that the leverage ratio — which ignores risk weighting when calculating the ratio of bank assets to tier 1 capital — is a vital safeguard against banks’ inability to accurately model risk: 634 more words

UK & Europe

Netherlands Held Liable for 300 Deaths in Srebrenica Massacre - NYTimes.com

From DAN BILEFSKY and MARLISE SIMONS at the New York Times:

The Dutch Supreme Court, which was upholding a 2011 decision by an appellate court, said that even though United Nations commanders were in charge of the peace mission at Srebrenica, in the days after the Bosnian Serb takeover, Dutch authorities had “effective control” over the troops and therefore shared liability.

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UK & Europe

Banks try scare tactics to avoid calls for more capital

ANZ chief executive Mike Smith is the latest banker to warn that the push to increase bank capital ratios will reduce access to bank finance. The AFR reports Smith as saying: 473 more words

UK & Europe

DAX: No World Cup euphoria

DAX recovered above medium-term support at 9700. This is not just World Cup euphoria as the Footsie displays a similar rise. Follow-through above 9800 would suggest another test of 10000, but declining 21-day Twiggs Money Flow, below zero, indicates medium-term selling pressure. 82 more words

Stock Markets

Keep bank regulation as simple as possible, but no simpler

Reading Andrew Bailey’s summary of what the Bank of England has learned about bank capital adequacy over the last decade, it strikes me that there are four major issues facing regulators. 907 more words

US & Canada