Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.10 | +0.10 | +0.00 | +0.05 | +0.00 | -0.05 | -0.10 | -0.45 | -0.53 | -0.61 | -0.35 | -0.20 |
The finance sector is under pressure this month, primarily due to the collapse of MF Global, which filed for bankruptcy following substantial losses tied to the European debt crisis. This event has amplified concerns about risk management and counterparty exposure across financial institutions, weighing on sector sentiment despite broader macro stability. The fallout has reinforced a cautious, bearish stance in markets.
How this mood is scored ▾
Rumors about France's own AAA rating and dollar-funding strains hammered Societe Generale and peers, forcing denials and short-selling bans across four countries. The episode showed the sovereign crisis morphing into a European bank-funding crisis.
MF Global, led by former Goldman Sachs executive Jon Corzine, filed for bankruptcy with $41 billion in assets after suffering heavy losses from bets on European sovereign debt. The collapse, triggered by a downgrade to junk status and failed sale efforts, marks the first major U.S. brokerage failure tied to the eurozone crisis, disrupting markets and raising concerns over contagion risks.