The Dow opened down over 1000 points last night before beginning a wild ride that saw the average almost square at lunchtime and down 588 at the close. (Accessible only for subscribers before 10:15 AEST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
The usual suspects did not appear last night to support Wall Street as technical levels were again breached on global growth concerns. Dow down 368. (Accessible only for subscribers before 10:15 AEST)
The Fed minutes neither confirmed nor denied a rate hike in September, so Wall Street went on a wild ride. Dow down 162. (Accessible only for subscribers before 10:15 AEST)
Most global stock markets shrugged off a 6% fall in the Shanghai index yesterday, but commodity markets didn’t. Dow down 33. (Accessible only for subscribers before 10:15 AEST)
Subdued outlook for alumina and nickel prices; China’s devaluation and the impact on iron ore; likely messages from oil & gas earnings reports.
The S&P500 is back at 2100, which it first reached in January. Dow up 67. (Accessible only for subscribers before 10:15 AEST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Global markets are still trying to come to terms with the Chinese devaluation, while oil has slipped to a new six-year low. Dow up 5. (Accessible only for subscribers before 10:15 AEST)
The Dow turned around from being down 277 points on the second renminbi devaluation only to close flat on the session. (Accessible only for subscribers before 10:15 AEST)