Currencies

For the first time in seven years Chinese exports have fallen raising serious questions about the country’s real economic prospects through this recession.

Auto industry bail-out bickering dominated Wall Street last night as the US dollar slipped and commodities rose. The Dow added 70.

Everything that went up on Monday gave back some last night following weak corporate guidances. The Dow fell 242.

Unlike most bad news over the last few months, NAB’s latest business survey and economic outlook didn’t come with a silver lining, offering no alternative to looming recession. (Part 2)

Obama’s infrastructure package and a plan to assist the auto industry provided further impetus for market confidence last night, turning commodity prices on their heels and sending the Dow up 300.

A much worse than expected jobs number was the catalyst for a 260 point rally in the Dow.

Danske Bank suggests the cuts to official interest rates overnight by the BoE and the ECB have implications for their respective currencies, with the British Pound the likely winner longer-term.

There was more slashing going on across the globe last night than a B-grade movie as central banks took the axe to rates and global companies took the axe to their workforces. The Dow fell 215.

The US government has spent that much on economic stimulus but may soon have to borrow money from itself.

The Dow wobbled its way to up 170 as Wall Street tired of more depressing economic data.