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Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
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[BRIEFING.COM] S&P futures vs fair value: +0.70. Nasdaq futures vs fair value: +0.50. The S&P 500 futures trade within a point of fair value.
It was a sea of green across Asia as all of the major bourses, aside from Hong Kong's Hang Seng, finished in positive territory.
- Economic data was limited:
- Australia's Construction Work Done fell 1.2% quarter-over-quarter (expected -0.3%; prior -0.4%)
- New Zealand's FPI slipped 0.7% month-over-month ... More
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