Another day of strong selling saw technical support levels breached, pierced and damaged across financial assets. (Locked for subscribers until 10:00 AEDST)
The USD surged last night, pushing everything else down. (Locked for subscribers until 10:00 AEDST)
Investors chose to ignore the present and bank on a better future last night. Dow up, USD up, oil up and metals up. (Locked for subscribers until 10:00 AEDST)
European investors have used Wall Street’s holiday to buy shares in banks and resources. Oil gained for the first time in six days. (Locked for subscribers until 10:00 AEDST)
Stocks pulled back from 15-month highs on a weak consumer confidence read and news JPMorgan booked some steep loan losses. Dow down 0.9%.
Earnings optimism received a big boost from technology bellwether Intel (hot on the heels of Rio Tinto). (Locked for subscribers until 10:00 AEDST)
The Fed Beige Book provided sufficient reasons for ongoing optimism, causing US Treasuries to retreat, and so did the USD. (Locked for subscribers until 10:00 AEDST)
The US reporting season commenced on a subdued note, while China spooked investors with higher reserve requirements for banks. (Locked for subscribers until 10:00 AEDST)
It was a lacklustre performance on Wall Street overnight with continued pressure on the USD and a disappointing release from Alcoa.(Locked for subscribers until 10:00 AEDST)
Mixed economic data failed to excite an otherwise disinterested Wall Street last night. Dow unchanged.
