Europe

Authored by Mark Cliffe, originally posted at VoxEU.org,

Bail-In Regulation To Blame For “Bank Turmoil” In EU?

The Financial Times recently looked at how the new bail-in resolutions in the EU, U.S. and most of the western world and asked whether they may be leading to "bank turmoil" and increased concerns about banks and the banking sector in the EU. As is typically the case with coverage of the bail-in regime, the important article was little noticed.

• Trump, Clinton capture key wins on Super Tuesday (Reuters)
• Hillary Clinton Triumphs in Delegate-Rich Super Tuesday States (WSJ)
• S&P 500 Futures Follow Oil Lower, Erase Gain After Super Tuesday (BBG)
• Oil below $37 as U.S. inventory rise counters output freeze plan (Reuters)
• Wall Street's big short: President Donald J. Trump (Reuters)
• Ex-Chesapeake CEO McClendon Indicted Over Lease Bid Rigging (BBG)
• Port Sale Highlights Western Australia’s Sinking Fortunes (WSJ)

Following yesterday's torrid 2.4% March opening rally, which resulted in the biggest S&P gain since January and the best first day of March in history on what was initially seen as very bad news, and then reinterpreted as great news, overnight futures have taken a breather, and erased a modest overnight continuation rally to track the price of oil lower.

The American Quran is a new English translation of the Muslim holy book, that believers believe was dictated by god to his prophet Muhammad in a serious of visions. The book aims to explain Islam to the world in a way that is not confined to the rigid Wahhabi interpretation of a typical Saudi version. The Daily Beast reports: A new translation of the Quran, with commentary, is causing a stir—and maybe something of a revolution—in the world of English-speaking Muslims. Why’s that?