Any news on the grapewine as to developments over the weekend. Markets are heavily negative news driven. Hence, just checking with you if you have heard anything to happen over the weekend in Europe and US
Rumours in Europe that Societe General one of the biggest french bank has made a huge derivative loss. Besides Hungary's ex government manipulated the fiscal number and new government says there is a loop hole. Markets tanked as soon as the statement came out.
Disappointing Job numbers way below the expectation Dow future jumps from -40 to -150 in 3 seconds. Unemployment climbs to 16.6% and NFP is at 411,000 instead of expectation of 500,000 a drop of massive 20% from expectation.