Currencies

NBER last night declared the US recession over. Wall Street responded accordingly despite NBER’s revelation the recession actually ended in June 2009. Dow up 145. (Locked for subscribers until 10:00 AEST)

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

The S&P 500 is stuck at its 200-day moving average with mixed data and lack of volume providing little in the way of direction from here. Dow up 22.

While Wall Street was stronger on IP data, volumes were low and other markets stood still as authorities tinkered or are anticipated to tinker. Dow up 46.

The technical picture for the greenback looks ominous, report chartists at Barclays. This could be the start of a rally in risk assets.

Gold reached a new record high last night as confusion reigned elsewhere across markets. Dow down 17.

Wall Street followed Australia up last night on Chinese data and the Basel III regulations. Dow up 81.

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

With Jewish New Year in swing, lack of volume is affecting meaningless movement on Wall Street, although the bond sell-off is hotting up. Dow up 28.

A successful Portuguese bond auction allayed fears last night while the Fed Beige Book told us nothing we didn’t already know. Dow up 46.