For the time being, the move by central banks to add $180 billion to the financial systems to improve liquidity at large banks and brokerages seems to be working.
The Hang Seng, which was down over 7% closed flat. Markets in Europe are rising and shares in RBS (RBS) are up almost 10%. Shares in troubled HBOS are up 47%.
Futures for US markets are rising 1% to 2% ahead of the open.
Douglas A. McIntyre
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