European central banks have now agreed to join the Greek bond restructure while there is also talk of simply giving Greece a bridging loan. Dow up 123. (Accessible only for subscribers before 10:15 AEDT)
Kathleen Brooks of FOREX.com notes and inflation report from the BOE and Greece continue to dominate the headlines in Europe.
Wall Street appears at somewhat of a loss as to what one should do from here, and the Fed doesn’t seem to know either. Dow down 97. (Accessible only for subscribers before 10:15 AEDT)
Response in global markets overnight to the Greek vote was relatively muted as ratification yet awaits. Dow up 72. (Accessible only for subscribers before 10:15 AEDT)
Market analysts at FXCM suggest a Greek Accord may not be enough to push the euro higher, while the British pound may come under pressure from more QE measures.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Kathleen Brooks of FOREX.com notes the ECB is trying to improve liquidity by extending eligibility criteria to make it easier for banks in the region to attract capital.
Greek politicians finally reached an agreement last night and will await EU approval. Wall Street shrugged. Dow up 6. (Accessible only for subscribers before 10:15 AEDT)
There was a lot of to-ing and fro-ing in Europe last night suggesting were are on the cusp of something, whatever that might be. Dow up 5. (Accessible only for subscribers before 10:15 AEDT)
Wall Street again turned a drop into a rally last night helped by Uncle Ben not ruling out QE3. Dow up 33. (Accessible only for subscribers before 10:15 AEDT)