The Dow bounced back from a 200+ point loss while the tech sector melted overnight. Rio rejected an offer from BHP.
The Dow plunged 360 points last night on a number of issues, the most prevalent being the same old story – financial sector woes.
Is gold just a US dollar story? Things may look different in different currencies.
The Dow put on over 100 points as the ever-weakening US dollar sent commodities skyrocketing and there was some buying in the financial sector.
Morgan Stanley analysts want to pre-warn the market that global currency intervention is a looming threat.
Asia called the Dow down 2% yesterday but got only 0.4% last night in another volatile session.
…a supermodel is refusing payment in the currency.
A Dow close of +27 last night belied the extreme volatility throughout the session. Gold rocketed through US$800/oz.
With a favourable interest rate differential and strong commodity prices the Aussie dollar has gained against the greenback, but TD Securities suggests parity is on the cards in 2008.
The Dow fell 362 points last night as the financial sector woke up to the fact there’s still a credit crunch going on.