The Senior Strategist: European banks worry the market

August 29, 2011

European Bank´s exposure to weak economies in southern Europe worry the market and made IMF chief Christine Lagarde suggest that banks should be forced to accept capital injections.

Due to this European banks will take focus this week, says the senior strategist Ib Fredslund Madsen, who also mentions important economic data from the USA.

On thursday the American ISM is expected to come out below 50 and thus pointing in a negative direction. The American jobrapport on Friday is not expected to be pleasant reading either.