Seemingly conforming the rumor, Agence France Press reports that Deutsche Bank is nearing a $5.4 billion settlement with the US Justice Department. This has catalyzed another leg higher in Deutsche Bank stock and lifted the whole market as it would appear that unconfirmed sources have ‘fixed’ the world’s most systemically dangerous bank (despite the fact that short-dated counterparty risk is soaring).

Here is the tweet…

And the response in the stock…

    

We look forward to the 1605ET denial from The DOJ. Once again we remind readers that Monday is a bank holiday in Germany.