The Financial world talking about this week :

Here are the focus where the financial geeks talking about these days:

• Everyone focused on November handle for Greek restructuring, Spain bailout request.  Spain will ask for implicit rate cap according to local press.
• EU Summit Thursday and Friday – need details on fiscal plan including enforcement to make this credible.
• Citi being taken well at first… so was JPM.  GS, MS, BAC etc  all coming up this week.
• AAPL “only” has Buy ratings from 85% of the street.  Is that going higher or lower? 
• TMT deal land – Sprint, TXN, CVC – this is a good effect of ZIRP (especially for arbs and bankers)
•  Dave Lutz of Stifel, Nicolaus also basses along the same.

To Summarize the above :

• Big rally in Europe. More hopes for a Spanish bailout request, possibly in the next month.
• Big drop in Greek yields.
• Chinese inflation edges down.
• Yen is weaker after Softbank deal to buy majority of Sprint.
• Profits from high-speed trading are down.
• South African cops fire stun grenades and rubber bullets at protesters.
• Federal Reserve flirting with allowing inflation go higher.
• New Turkey-Syria tensions.