As industrial production collapses in Europe, the ECB’s reluctance to follow the UK and US down the quantitative easing path is forcing some hard decisions.
At the last G20 meeting, leaders pledged to collectively do everything it takes to save the world. Ahead of the next one, cracks are appearing in the coalition.
Wall Street exploded out of the blocks last night but got a big scare around midday. Dow up 89.
One of the world’s largest holders of US dollar assets will press for a move away from the dollar at the upcoming G20 meeting.
Wall Street unsurprisingly gave back some gains last night as all markets reversed recent frantic moves. Dow down 115.
Investors have started wondering about the timing of any recovery and what sort of sign to look for.
Commodity prices soared last night as the US dollar continued to tumble. Dow down 85.
The Fed surprised the market last night with another trillion of fresh greenbacks, turning the Dow around for a 90 point gain.
The economic outlook in the United Kingdom is no less than bleak while the eurozone is not fairing much better. But is the US in better shape?
The Dow lost 7 points last night as Wall Street just failed to make it a five-day rally. (Locked for subscribers until 10:00 AEDT)