Five central banks announced last night they would provide coordinated liquidity facilities to Europe’s teetering banks. Dow up 186.
Confirmation from Germany, France and Greece that the latter would remain in the eurozone come hell or high water relieved markets last night. Dow up 140.
Forget about a hard landing in China. Forget about weak growth in the US. The current financial turmoil is all about Europe and something has to be done.
Wall Street bounced around in a relatively tight range last night as no new news emerged from Europe. Dow up 44.
A report suggesting China will buy Italian sovereign debt turned Wall Street around last night. Dow up 68.
In the wake of the US credit rating downgrade, economists are not convinced the UK can maintain its AAA rating beyond next year.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A brief look at important company events and economic data releases next week.
Bernanke somehow disappointed Wall Street ahead of Obama’s speech this morning, sending the Dow down 119.
Wall Street took heart from the positive German court ruling last night. Dow up 275.