The foreign exchange market may be ignoring fundamentals at present but they do matter and this means a weaker US Dollar according to both Standard Chartered and TD Securities.
Wall Street shook off an ugly GDP and clutched on to the Fed statement last night. Dow up 170.
Wall Street netted out the good news and bad news last night to end up going nowhere.
Wall Street was reluctant to cast its pearls last night in a quiet and uncertain session. Dow down 50.
As Western economies struggle with the GFC, China is emerging to challenge US hegemony faster than even China may have thought possible.
Solid reports from a number of key blue chips and confirmation most banks will pass the stress test saw markets push to a solid end of week finish.
More ups and downs, but this time with an up on the close. Dow up 70.
Wall Street was up, down, up and finally down last night. Dow closed down 82.
Reassuring words from the Treasury Secretary encouraged a bounce back from yesterday’s steep drop. Dow up 127.
Wall Street woke up from its dream last night as bank stocks took a dive. Dow down 290.