HSBC to London banks to European financial system to US pre-market.
Watch for European bank credit default swap (!!!!) spreads when they begin trading.
If they jump significantly, signals global contagion rather than regional.
HSBC to London banks to European financial system to US pre-market.
Watch for European bank credit default swap (!!!!) spreads when they begin trading.
If they jump significantly, signals global contagion rather than regional.