Prices for commodities continue rising fueled by euro strength and end of quarter buying.
Greek bonds began to topple again last night while Ireland was forced to take on bank debt, all amidst a flurry of disinterest on Wall Street. Dow up 11. (Locked for subscribers until 10:00 AEDST)
A rallying euro has helped commodities rallying too these past trading sessions, but what will come next?
With two nights to go in the quarter commodity funds decided to buy with gusto last night following a successful Greek bond issue. Dow up 45.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Short term views on commodities and precious metals are hastily revised across the globe as the euro reverses direction.
Just when it looked a Greek rescue plan was in the bag, the ECB slammed the EU and spooked Wall Street, turning a 120 point Dow rally into a flat session.
No tricks, no fantasies, no buckets of money or technological wizardry are required, but this is an indicator that simply never fails.
Portugal is back in the spotlight, Greece is unresolved, a US Treasury bond auction went very poorly last night and US economic data were not great either. Of course you’d buy the dollar. Dow down 52.
Are investors now worried they’re missing out? Dow up 102.