After Monday’s big fall the Dow returned to post a 270 point rally to make six up-days out of seven. (Locked for subscribers until 10:00 AEDT)
ANZ has lowered its growth outlook for Asia for the coming year, with the South-East better placed at present than the North-East.
The so-called Santa Claus rally in equities is real according to Barclays Capital’s analysis of monthly trends, while conditions also favour aluminium and the euro.
Weak economic data across the globe extinguished a week of rallies last night sending the Dow down nearly 700 points.
Weekly musings from your editor. Don’t ask questions, just watch FX movements. They provide all the info investors need these days.
The Dow added another 102 points in the shortened holiday session to mark five consecutive up-days.
The Aussie and NZD have posted record losses against the USD in recent months, but they’re not yet meaningfully undervalued says Danske Bank.
Americans celebrated the last session before Thanksgiving with a fourth day rally – for the first time since May. The Dow was up 250.
US mortgage rates had their biggest one day drop on record last night as the government announced yet another loan facility. The Dow was up 36.
While similar, the current decline of Asian currencies differs in many ways from the falls of the 2000/01 global economic downturn.