90 seconds at 9 am: MF Global bankruptcy (news with Bernard Hickey)

by ofInterestNZ on Oct 31, 2011

US futures broker
MF Global
Files for bankruptcy
European debt hit
US$39.7 bln of debt
US$41 bln of assets
Unsecured creditors
JP Morgan, Deutsche
Goldman's Jon Corzine
Geared up to bet
European debt
US$6.3 bln
US, European stocks
Fall 1-3%
Doubts about Europe
Italian bond yields
European inflation
Still at 3%
May delay ECB cut
Expected Thursday
RBA seen cutting
Melbourne Cup day
Will banks pass it on?
2 speed economy
NZ$ down to 81.3 USc
Up vs yen to 63 yen
After BoJ intervened
To push yen down

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