Wall Street recovered ground from a steep loss as Moody’s threatens to downgrade Ireland and the FBI raided hedge funds for alleged insider trading. Dow down 24.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
President Obama took his Chevvy to the levee and found it full last night as Ireland capitulated and GM fever swept America. Dow up 173.
With the CBA quarterly update now in following the other three majors’ full-year results previously, we can draw final conclusions on this quarter’s sector results.
It was a flat day on Wall Street after Tuesday’s fall as an Irish solution moved closer to reality. Dow down 15.
The correction on Wall Street accelerated last night with a drop in China and more Irish angst sufficient excuse to cash in risk trades. Commodities cop a shellacking, Dow down 178.
November’s rate rise was still a close run thing, but the RBA’s “forward-looking” stance provided the need for a preemptive strike.
A strong retail sales result had Wall Street in buying mode last night but the sellers won out in the end. Dow up 9.
Analysis by ATW’s Jerry Simmons suggests time might be ripe for a reversal in direction for the USD.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.