The Bank of Japan moved yesterday to introduce widespread QE measures, prompting Wall Street to contemplate what other central bank might do the same. Dow up 193.
Broker downgrades ahead of earnings season were a feature of last night’s session. Dow down 78.
A 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.
In a meandering day for stocks, the highlight was a lower US dollar allowing copper to finally take the psychological US$8000/t level. Dow down 22.
While stocks recovered from a weak US consumer confidence survey the US dollar fell, allowing gold to push through the US$1300 mark. Dow up 46.
PFP Wealth’s Tim Price doesn’t think more quantitative easing is going to solve the world’s problems.
Moody’s and Bob Prechter conspired to send Wall Street lower last night after the big Friday rally. Dow down 48.
Economists debate the likely path of the global economy over the next twelve months. It’s all about policy.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.