Europe & UK

A surprise improvement in the US jobless rate saw stocks rally early, but a run in the greenback quickly brought the market back to earth. Dow up 22 points.

A brief look at important company events and economic data releases next week.

Contraction for the US services sector and weak same-store sales saw initial strength on Wall Street fade before a last minute sell-off. Dow down 86.

It was back to business as usual last night as the US dollar headed south once more. Dow up 126. (Locked for subscribers until 10:00 AEDST)

It was a light volume day on Wall Street for the end of the month as Dubai woes eased. Dow up 34.

Dubai debt issues overshadowed Black Friday, usually the only thing US markets are worried about on the short day after Thanksgiving.

Dubai debt issues should not be a surprise to anyone, but the markets are currently sensitive to any further scares.

Dubai has asked for a six month deferral on its debt payments causing European stock markets to fall over 3%.

A good jobless claims number meant new highs on Wall Street while gold nears US$1200 on a weak greenback. Dow up 30.

Celebrated GFC predictor Nouriel Roubini provides ten reasons why the global economy will recover in a ‘U’.