Europe & UK

The Dow was back below 10,000, with disappointing numbers from BoA and GE overshadowing strong results from some big techs.

The gold price is not enjoying any support from the Indian gift season.

Metal prices surged on short-covering last night while Wall Street eased back from intraday highs. Dow up 61.

The PPIP has begun in the US, about nine months late, as the IMF warns global banks have a lot more write-downs to come.

Poor US data sent Wall Street dropping early but a weak dollar came to save the day. Dow down 29.

Stocks shot higher overnight on M&A activity but the US dollar finished higher as well. Dow up 124.

Hopes are increasing that the global recovery will take the shape of a V, but if any region’s likely to have a little W shaped hiccup it might be Europe.

As world leaders meet tomorrow to discuss ways of rebalancing the global economy to prevent another GFC, thoughts turn to the Plaza Accord of 1985.

It was another up day on Wall Street, ignoring a collapse in metal prices. Dow up 80.

Wall Street attempted to catch up to the rest of the world last night as the US dollar fell and commodity prices rose. Dow up 56.