Currencies

The fear seems suddenly to have abated as Wall Street looks forward to a long weekend. Dow up 10. (Accessible only for subscribers before 10:15 AEST)

Just as the clouds appeared to be gathering, the Dow bounced back last night to post its best gain in five weeks, up 158. (Accessible only for subscribers before 10:15 AEST)

Is the US economy improving or not? Wall Street cannot decide. Dow down 137. (Accessible only for subscribers before 10:15 AEST)

In thin trading, the knocked down US techs and small caps again staged a rebound rally last night. Dow up 20. (Accessible only for subscribers before 10:15 AEST)

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Kathleen Brooks of FOREX.com addresses the perplexing issue of current US stock market optimism and bond market pessimism.

Ongoing strength in US bonds and last night’s weak eurozone GDP has accelerated the flight to safety as global growth forecasts are questioned. Dow down 167. (Accessible only for subscribers before 10:15 AEST)

US bond yields fell sharply last night despite US wholesale inflation showing a surprise gain. The world remains confused. Dow down 101. (Accessible only for subscribers before 10:15 AEST)

The ASX 200 is back at 5500, the budget held no great surprises, and Wall Street paused last night at its highs. Dow up 19. (Accessible only for subscribers before 10:15 AEST)

Sharp rebounds in the Nasdaq and Russell 2000 turned potential pullback into a new S&P high last night. Dow up 112. (Accessible only for subscribers before 10:15 AEST)