A brief look at important company events and economic data releases next week.
Confident of a Greek rescue, Wall Street embraced a raft of strong earnings reports and positive economic data last night. Dow up 122.
There are three scenarios which could now play out in the eurozone – none of them good, but rather each bad to a greater degree.
Wall Street dismissed the inevitable downgrading of Spain last night and instead embraced the Fed’s brighter picture. Dow up 53.
This column argues that Chinese policy has a relatively small impact on developed economies’ macroeconomic circumstances, estimating major reduction in Chinese saving would improve US employment by less than 0.25%.
S&P downgraded Greek debt to below investment grade last night and took Portugal’s rating down two notches. Dow down 213.
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.
Wall Street managed to reverse an early plunge last night on vague EU assurances and some comfort from the President. Dow up 9. (Locked for subscribers until 10:00 AEST)
Investors should not assume other countries in Europe are battling the same problems as Greece, argue Alcidi Cinzia and Daniel Gros.