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Pre-Market Primer: Banks Will Get More Basel Leeway; Berlusconi Gets Closer to Power
On the eve of earnings season stocks slipped from Friday's five-year high as banks were given more leeway with international liquidity rules. Stock futures are little changed this morning. Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) fell 0.13% to 13 329 and S&P 500 (INDEXSP:.INX) futures slipped 0.12% to 1 455.90. Nasdaq (INDEXNASDAQ:.IXIC) futures are down 0.14% to 2 709.25. Bank stocks rose today after central bankers approved easier liquidity rules for banks at their gathering in Basel Switzerland. The central bankers also gave banks four extra years to meet required liquidity coverage ratios and they will be ...
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