Euro, sterling Libor down

Posted by 7Star Tuesday, April 7, 2009

Interbank money market tensions eased slightly on Monday after HSBCs offer to sell stock to existing shareholders drew strong demand, giving financials an early boost. But the rally lost steam as the session progressed, after US and European stocks and banking shares went into reverse, demonstrating that the problems in the financial sector remain deep-rooted and far from resolved.

0 comments

Post a Comment

Labels

Followers

Archive

BlogCatalog