Currently, the markets seem to be holding up as well as could be expected. At the time of writing:
— FTSE is at +0.44 percent
— Dow Jones has opened around 2 percent up.
— Nasdaq is at +2.48
— Dax is at -1.17
Perhaps the most significant financial indicator of the day is that Libor – the rate at which banks lend to each other – has risen to an all-time high. In other words, it’s more expensive than ever for banks to borrow from each other – increasing the chances that more of them will need bailing out.
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