Daily Market Reports

Wall Street gave up early gains last night as oil moved to close over US$100/bbl, bringing inflation more firmly into focus.

European markets posted some big gains overnight as Wall Street had a day off.

The Dow closed only slightly lower ahead of the Presidents’ Day long weekend, despite some disturbing economic data.

The Dow fell 175 points after three consecutive up-days following comments from Ben Bernanke.

A surprise positive result in January retail sales was the catalyst to send the Dow up 178 points last night.

A cheeky proposal by ueber-investor Warren Buffett made investors in Europe and the US forget all about credit problems and recession fears. By tomorrow morning we all know how US retail sales fared in January.

The Dow rallied back from its depths of minus 113 despite some disturbing news from insurer AIG.

The Dow closed down 64 to end the worst week of trading since 2003.

Topsy-turvy and largely directionless is the best way to describe last night’s session. But increasingly inflation is becoming the topic of discussion.

The Philly Fed president turned Wall Street around last night by hinting that inflation might prevent another cut.