Debt issues for Spain and Italy have are not just a factor of possible contagion passing from Greece through Portugal and Ireland. Global market nerves are fraying further.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Positive news from all quarters sent Wall Street up again last night and commodities surged. Dow up 93.
Amidst a Chinese rate hike and concerns over Portugal, Wall Street remained stoic on light volume. Dow up 56.
A warning on China’s debt levels and a downgrade of Portugal by Moody’s failed to spook Wall Street last night after a solid week. Dow down 12.
It was a quiet offshore session with the US closed for Independence Day.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Barclays Capital’s analysis of seasonal trends for July shows mixed results across equity markets, but commodities, copper in particular, should perform strongly.
A brief look at important company events and economic data releases next week.
The June quarter ended with a bang on Wall Street as Greek fears faded. Dow up 152.