DailyMarkets.com - Barclays Libor Scandal: Who’s Really To Blame?

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Barclays Libor Scandal: Who’s Really To Blame? Posted: 10 Jul 2012 05:10 AM PDT The London Interbank Overnight Rate, aka Libor, is the referenced benchmark rate for "only" some multiple hundreds of trillions of dollars worth of securities and contracts. As such, the rate is of enormous importance to the markets and global economy. I personally recall beginning almost every day as a trader on Wall Street by inquiring of an individual on the finance desk, "where's Libor?" With the manipulation of this rate rocking the markets, everybody wants to know, "who's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Gold Aim Higher As Risk Appetite Rebound Weighs On Dollar Posted: 10 Jul 2012 04:21 AM PDT Talking Points Crude Oil, Copper Aim to Follow Stocks Higher on Risk Appetite Recovery Gold and Silver May Rise as QE3 Hopes Return Before Fed Minutes Release Commodities remain highly sensitive to risk appetite trends, hinting prices may advance in North American trade as S&P 500 stock index futures point higher ahead of the opening bell on Wall Street. Sentiment is on the upswing after Germany's Constitutional Court upheld parliament's approval of the ESM bailout fund while UK … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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