Peter Switzer of the Switzer Super Report discusses the chances of a Santa Rally for global markets.
European markets were slightly weaker last night after Angela Merkel reaffirmed her stance against any notion of a eurozone bond and more power for the ECB.
FOREX.com’s Kathleen Brooks suggests a disappointing German bond auction implies investors are becoming more cautious cleaning up the sovereign debt crisis will weigh on Germany’s finances.
A glance through the latest expert views and predictions about commodities, with experts forecasting further volatility in commodity markets and JP Morgan lowering its iron ore expectations.
A disastrous bond auction in Germany indicates the world does not want to pay to be the saviour of Europe. Dow down 236.
Kathleen Brooks of FOREX.com suggests markets are likely to be range bound for some time, but the recent heavy sell-off may see some short-term buying emerge.
The IMF announced liquidity measures to help stem European inflation while the Fed is still holding off on QE3. Dow down 53.
A glance through the latest expert views and predictions about commodities with updates on nickel and coal, adjustments to base metal prices and trade ideas for 2012.
The US budget committee appears destined to fail to reach agreement by the deadline as European bond yields continue to rise. Dow down 255.
Funds Managers have all but given up on 2011, or so it seems. Meanwhile, investors in resources may simply have to be patient.