Currencies

After a positive start, Wall Street ends down again, with a raft of positive economic news brushed aside by an increasingly sceptical market.

Stocks were sold off for the third straight day on Wall Street, with investors brushing off mostly positive earnings on a host of issues.

Saxo Bank has delivered its annual list of outrageous claims for the year ahead while also offering its top trade ideas for 2010.

Stocks pulled back from 15-month highs on a weak consumer confidence read and news JPMorgan booked some steep loan losses. Dow down 0.9%.

After the volatility of 2009 this year should be a transition period according to Russell Investments, which offers its view on a number of asset classes for the year ahead.

The Peoples Bank of China has increased its deposit reserve requirement ratio, kicking off a monetary tightening process.

Commonwealth Bank expects the Australian economy will deliver near-trend growth in 2010, better than the sub-trend performance expected for the global economy as a whole.

Mixed economic data failed to excite an otherwise disinterested Wall Street last night. Dow unchanged.

The S&P marked a new high last night as a positive home sale number spurred on buyers in a thin market. Dow up 50.

A surge in M&A activity and broker upgrades sent Wall Street higher last night despite a stronger greenback. Dow up 85.