rading lower across the board on talk that Moody's may cut credit ratings as soon as next week (SocGen -10.5%, BNP -12.5%, Credit Agricole -9.5%) . EU Bank Index trading -3.95% this morning (now -38% ytd) while the U.S. 10yr yield hit a record low of 1.8770% overnight. ***Barclay Global Financial Servi

... European Markets up 5-70 bps (Italy +1.5%)... Nikkei Closed +82 bps (Hang Seng +1.01%, China +65 bps) EUR 1.4635 (+0.77%) JPY 81.97 (+0.72%) EU Bank Index +1.65% AUD 1.0761 (+0.44%) (new highs) NZD .8018 (+0.49%) 10yr 3.41% Futures: Dow +56, Nasdaq +24, S&P +8 DXY $73.80 (-57c) Crude $112.1