Currencies

The Dow fell over 200 points, crashing through the August low late in the session in another volatile night of trading.

The Dow finished up 50 points last night. As to what you can read into that is anyone’s guess.

The Dow closed down over 200 points as the subprime slime continued to ooze down Wall Street. A downgrade to Citigroup was the main trigger. Base metals were also savaged.

The Dow closed up 66 in a volatile night and finished the week up 1% after 800 points of movement.

Stabilisation in financials gave way to renewed weakness last night as carry trade unwinding reignited. Gold and copper collapsed.

Wall Street went nowhere for most of the session, coming to terms with economic data and corporate developments.

The Dow bounced back over 300 points last night following good news in retail and financials, and a sharp drop in the oil price.

The move to risk aversion accelerated last night as credit crunch phase II intensifies. Gold copped the brunt of the selling.

The US, Europe, UK and China all report monthly CPIs this week, while a wealth of economic data may answer some recession questions in the US.

It started on Thursday but was dampened by a misplaced short covering rally. Tech took a dive on Wall Street on Friday as financials tried to hang in. The Dow fell over 200 points.