Currencies

Japan may be in strife, but Europe is facing disaster.

A late announcement on a new mortgage plan brought Wall Street back from the brink last night. The Dow rallied strongly to close down 6 points.

Could the GFC prompt Russia to turn back the clock?

The Dow clawed back 50 points as agreement was reached on the stimulus bill while the TARP remains a point of conjecture.

Wall Street wanted details, Geithner delivered mission statements. The Dow fell 400. (Locked for subscribers until 10:00 AEDT)

As the latest US stimulus package is passed in the Senate, hyperinflation lurks as a catastrophic consequence.

Wall Street went into Limbo last night as TARP news was put back a day. Dow flat.

Short-covering in financials supported a 200 point rally in the Dow as a weak jobs number was shrugged off.

Russia is attempting to hold its currency within a trading band and Danske Bank expects this will force it to sell euros to maintain its reserve balance.

A combination of positive rumours and executive buying in BA turned the financial sector and thus the market around. Dow up 100.