Monday Morning Cheat Sheet: 3 Stories Moving Markets
United States stock futures are down on Monday morning ahead of earnings season. With little major news expected in the U.S. today, investors are digesting news from markets around the world this morning.
At 8:40 a.m.: S&P: 0.00%, Nasdaq: 0.00%, Dow: +0.33%.
1) Global bank regulators have given lenders up to four more years to meet new international liquidity coverage ratio requirements. Regulators met in Basel, Switzerland, over the weekend, and decided that extending the deadline for full compliance to 2019 would help ward off what financial institutions feared could be another credit crunch.
Shares rallied for banks around the world that were previously struggling to meet the 2015 compliance deadline. Bloomberg reports that its Europe Banks and Financial Services index rose as much as 2.1 percent.
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