by Calculated Risk on 10/09/2011 11:50:00 PM

From Bloomberg: Merkel, Sarkozy Pledge Bank Recapitalization

Angela Merkel and Nicolas Sarkozy ... gave themselves three weeks to devise a plan to recapitalize banks, get Greece on the right track and fix Europe’s economic governance.

“By the end of the month, we will have responded to the crisis issue and to the vision issue,” the French president said in Berlin yesterday at a joint briefing with the German chancellor before they dined at her office.

... Merkel said European leaders will do “everything necessary” to ensure that banks have enough capital. Sarkozy said they would deliver a plan by the Nov. 3 Group of 20 summit.

The Asian markets are mixed tonight (update: Nikkei is closed).

From CNBC: Pre-Market Data and Bloomberg futures: the S&P 500 is up about 10 points, and Dow futures are up about 100 points.

Oil: WTI futures are up to $83.50 and Brent is up to $106 per barrel.

Yesterday:
• Summary for Week Ending Oct 7th
• Schedule for Week of Oct 9th