Bonds/Interest Rates

It’s an anxious fingers crossed on a flighty Wall Street as we head into the ECB and EU meetings over the next couple of days. Dow up 46.

EFSF, ESM or both? Either way, the tentative rally continues. Dow up 53.

The RBA decided that the time it is taking for Europe to resolve its issues provides a threat to economic activity, and hence the central bank took advantage of some room to move.

The RBA decided today to reduce its cash rate by 25bps to 4.25%.

S&P decided to put of all northern Europe on negative watch last night in a move that had sane people laughing hysterically. A rally on Wall Street was crimped. Dow up 78.

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

Markets took a breather last night after global PMIs painted a less than rosy picture. Dow down 25.

Barclays Capital’s analysis of seasonal trends shows December tends to be a good month for equities and fixed interest markets but more mixed for currencies and commodities.

The world’s major central banks announced last night they would open swap lines to provide cheap dollar funding for Europe’s troubled banks. Dow up 490.

A surprising jump in US consumer confidence helped Wall Street to another up day. Dow up 32.