Daily Market Reports

European markets were slightly weaker last night after Angela Merkel reaffirmed her stance against any notion of a eurozone bond and more power for the ECB.

A disastrous bond auction in Germany indicates the world does not want to pay to be the saviour of Europe. Dow down 236.

The IMF announced liquidity measures to help stem European inflation while the Fed is still holding off on QE3. Dow down 53.

The US budget committee appears destined to fail to reach agreement by the deadline as European bond yields continue to rise. Dow down 255.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Stock and commodity markets are in the hands on indiscriminate selling on low volumes with Europe remaining a background of concern. Dow down 134.

Ratings agency Fitch told everyone what they already knew late in the session but it was still worth a 190 point drop in the Dow.

Wall Street seemingly ignored rising eurozone bond yields last night and used positive US data as an excuse to do not much at all. Dow up 17.

New governments may be forming but eurozone debt yields won’t go down. On little volume, Dow down 63.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.