Daily Market Reports

It only needed China to deny it was looking to dump the euro to release pent up buying demand last night. Dow up 284. Aussie surges three cents.

Wall Street opened stronger last night, but ultimately closed lower, as the rumour mill churned and the euro pushed toward previous lows. Dow down 69.

The Dow opened down nearly 300 points as Korea entered the mix before a rolling wave of buying took the average back to only down 22, and the S&P into the green.

Wall Street saw a nervous late sell-off as Spain moved to take over a troubled regional bank, but commodities were strong overnight. Dow down 126.

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

For the first time in a long time, Wall Street fell as the euro rallied last night, based on financial regulation fears within the general panic. Dow down 376.

The euro fell then bounced hard last night and Wall Street again followed suit, turning a 186 point down day in the Dow into only 66 points down.

There was a brief moment in the sun on offshore markets last night before Germany moved the goal posts and the euro sank once more. Dow down 114.

The euro fell to near US$1.22 last night before rebounding back to near $1.24. The Dow fell 180 points but closed up 5. Yet commodities were absolutely trashed. (Locked for subscribers until 10:00 AEST)

Significant Scheduled Events For 18 May, 2010