The Dow closed up 65 points after the ECB injected no less than US$500bn in two-week credit.
Wall Street’s mood has turned decidedly sombre as fears of a recession gain further traction. The Dow fell 172 points.
Unfortunately there’s still plenty to be worried about on the US economic data front this week.
The Dow fell 178 points last night on a higher than expected CPI and more general doom and gloom.
The Dow recovered from down 120 last night to close up 44 as traders attempted to digest economic data and other developments.
Will there be a last minute Christmas rush in the US, as usual? And how will the American consumer behave in 2008?
A globally coordinated central bank rescue package announced by the Fed last night sounded pretty good, but ultimately failed to excite. The Dow closed up 41.
Weekly musings from your editor. Silver is expected to outperform bigger brother gold next year, but only if you’re a silver bug who doesn’t believe in market consensus.
A 25/25 rate cut saw the Dow fall 300 points last night.
A study by Danske Bank concludes the euro will be among the beneficiaries of slowing economic growth.