Basel "magic" and then relaxed banking stocks led the global equity markets.

<P> Intensive global markets are coming good. .Local time on July 26, the Basel Committee on Banking Supervision has finally made concessions and agreed to the proposed relaxation of certain of the original capital and liquidity requirements, banks once again welcome breathing space. .In addition, the same day the United States in June announced better-than-expected new home sales data shows that the U.S. housing market is getting out of the doldrums. .</ P> <P> favorable in a double boost, the 26, three major U.S. stock indexes all rose about 1%. .Among them, the Dow recovered the lost ground this year. .27 Asian markets and European markets in early trading, the major indexes were generally higher, the day before the opening of U.S. stock index futures showed the three major stock indexes rose 0.6% or so. .Bank shares led the stock market has become global plate, or generally more than 2%. .</ P> <P> "Basel III" and then relax </ P> <P> Basel Committee on Banking Supervision issued a statement saying 26 members, including banks held by other financial institutions, some assets, including minority interest ., can be included as capital. .However, the Committee also said it would limit the size of debt of financial institutions to control the bank survived the dangerous act. .It also provides for the first time one of the global banking industry leverage ratio applicable to the earliest entry into force in 2018, but still depends on the manner in which bank assets calculated to further adjustment. .</ P> <P> the Commission announced in December last year, "Basel III" of the draft reform, the draft requires banks to increase capital and improve the quality of capital to make the banks do not need to provide assistance to taxpayers once again the premise is also .able to withstand possible future shocks. .Previously, the Commission has set up additional capital for the banking industry for ten years grace period. .In this regard, the investment firm KBW chief equity strategist Frederick calorie farmers that "Despite the compromise, the banking industry will not be the escape of more stringent capital and liquidity requirements." </ P> <P> However, the global .Bank stocks are still excited for this news. .European financial industry in the U.S. stock market traded in American Depository Receipts (ADR) 26 日 up. .Bank of New York Mellon ADR Index rose 0.89% to 125.84 points, which increased by 1.4% of China Finance Online, South Korea's Woori Finance Holdings rose 2.83%. .</ P> <P> In addition, research by the U.S. credit derivatives Ltd 14 major banks for the preparation of the global credit default swaps (CDS) index fell to 12-week low of 26, CDS prices and investors often .proportional to the expected default. .European banking industry on Friday announced the results of stress tests show that the European banking sector total capital increase to € 3.5 billion (about U.S. 4.5 billion), equivalent to only one-tenth of analysts predict the lowest. .The company's counterparty risk index fell 4.4 basis points the day reported 128.6 basis points, to the lowest since May 3. .</ P> <P> In addition, Deutsche Bank and Swiss Bank second quarter net profit of 1.2 billion euros, respectively, and 20 million Swiss francs, higher than expected. .27 European markets in early trading, the European banking stocks in general rose, Deutsche Bank, Societe Generale, Credit Agricole have risen from 2.7 to 5.4 percent range. .UBS rose about 8% more. .In Asia, Mizuho Financial Group, Sumitomo Mitsui, Mitsubishi UFJ and other financial institutions were also more than 2% increase. .</ P> <P> housing data boost global rally </ P> <P> addition to banking stocks rally on global stock markets to contribute to the recently announced ten-earnings and economic data has also contributed. .</ P> <P> 26, the U.S. Commerce Department data released showed U.S. new home sales in June and in May a substantial increase compared to the historical low of 23.6%, well above market expectations. .Annual rate of 330,000, since 1963 the second lowest on record. .Although the June new home sales is still relatively weak in absolute point of view, but worth noting is that the report shows that in June a drop in new home inventories, which the market plays a more significant boost effect. .</ P> <P> In addition, FedEx raised its earnings forecast the day. .As the company's performance is generally considered a measure of the U.S. economy an important indicator of the level of activity, and therefore further support the stock market played a role. .So far, nearly half of the S & P 500 companies have reported second-quarter earnings report showed that over 70% of company performance than expected. .</ P> <P> At the close, all three major indexes rose about 1%, the Dow Jones index fell as the year 2010 turn up. .This year, the Dow rose 0.9% to achieve the Nasdaq index rose 1.2%, but the S & P 500 Index closing level is also slightly lower than last year. .</ P> <P> 27 Asia-Pacific stock markets were generally higher, the main stock index rose 0.03 to 1.57% in the range between. .European stock markets do not show weakness, 27 early trading, the major European stock indexes also rallied. .Britain, France and Germany in the three major stock indexes rose between 0.3 to 0.5 percent range. .</ P> <P> hedge fund manager, said Biggs, 26, has begun to overweight stocks, positions from the 35% earlier this month rose to 75%. .Biggs told foreign media that "the degree of risk, I certainly change my mind. The last ten to two-week economic data has been transferred, with significantly less risk of a downturn." In addition, analysts ."Data Explorer" that global investors in general to take an empty one covering the recent measures and empty single rate of more than a single has climbed to 2-year high. .</ P> <P> approximate two-month high of EUR </ P> <P> rally in global equity markets also again made investors return to risk appetite, with a safe-haven yen fell, the euro rose to regain .potential. .</ P> <P> which the euro-dollar exchange rate rose slightly in Asian trading to $ 1.3 near the top of the two-month high; the euro against the yen touched 113.64 yen exchange rate is a seven-week high. .</ P> <P> </ P> <P> "last week, the market is very pessimistic about the U.S. economy, causing investors to expect that monetary policy will be relaxed, but now that pessimism has faded." Brokers in Ueda Harlow .Tokyo senior currency analyst, said Toshiya Yamauchi, "The market tends to major currencies except against the yen dollar rose outside." </ P> <P> euro also contributed to the rally the dollar index dropping as low of 81.94 months. .Deutsche Bank is scheduled to announce the company's local time, 27 second-quarter earnings. .A bank, traders said speculation that if the profitability of Deutsche Bank to bring to market surprises, the euro or have more room to rise, the euro will benefit from such speculation. .In addition, some technical analysts said the euro-dollar exchange rate will be the next target level hit last week high of $ 1.3029 for two months, and then 12 months to June decline of 38.2% Fibonacci pullback .bit $ 1.3125. .</ P>.