Bonds/Interest Rates

It was a quiet Monday on Wall Street as investors await a series of events on Tuesday including the Fed rate decision. The Dow gave up 65 points.

Friday saw a rally which brought the Dow back to where we left it last Friday. It was up 64 in the session.

The US dollar accelerated its fall last night as Wall Street decided to bank profits on commodity names. The Dow fell 200.

For the first time in seven years Chinese exports have fallen raising serious questions about the country’s real economic prospects through this recession.

Auto industry bail-out bickering dominated Wall Street last night as the US dollar slipped and commodities rose. The Dow added 70.

After a surprise jump in consumer confidence this morning, housing finance figures have booked their first rise sine January.

While the “experts” have been busy talking the market and the economy down, consumers have made a very upbeat statement with their wallets.

Everything that went up on Monday gave back some last night following weak corporate guidances. The Dow fell 242.

Unlike most bad news over the last few months, NAB’s latest business survey and economic outlook didn’t come with a silver lining, offering no alternative to looming recession. (Part 2)

If the global economic slowdown isn’t bad enough for “the other China”, the terrorist attacks in Mumbai have hardly helped.