Guardian – Hedge funds and other investors are preparing to profit from the latest chapter of the European sovereign debt crisis: the publication of the results of bank stress tests on 23 July.
Investment banks have been compiling research notes designed to ensure speculators get the most out of the uncertainty, regardless of the test results. These may underline the soundness of the European recovery and trigger a jump in bond and share prices, or indicate a gloomier scenario and cause a plunge in value.
