Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, September 13, 2010

Monday

A long "phase-in period" for tighter requirements on bank-capital ratios helped boost stocks and risky assets, sending financial stocks and the euro higher. Financials led the charge after banking regulators in Switzerland agreed to phase in new restraints on lenders over more than eight years - a longer horizon than expected, which shouldn't affect bank earnings or lending. Consumer staples and healthcare stocks weighed on the markets as traders started paying attention to the rest of the week's economic calendar, particularly focusing on tomorrow's retail sales report. DJIA +81.36 Nasdaq +43.23 S&P 500 +12.35.