The yen recommenced its slide last night with Wall Street closed, prompting another warning from the ECB. (Accessible only for subscribers before 10:15 AEDST)
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.
Worse than expected GDP results out of Japan and Europe last night dampened the mood, but Wall Street just doesn’t want to go down in any big way. Dow down 9. (Accessible only for subscribers before 10:15 AEDST)
Leading economist Olivier Blanchard argues important progress has been made in putting the crisis behind us, but recovery continues to be hampered by the need for fiscal consolidation and a weak financial system.
The G7 wants to publicly assure its commitment to market-determined exchange rates, which impacted on financial markets last night, for what it’s worth. Dow down 21. (Accessible only for subscribers before 10:15 AEDST)
A brief look at important company events and economic data releases next week.
The ECB joined the currency war last night, in talk rather than action, while Wall Street found it’s not that easy to pull back. Dow down 42. (Accessible only for subscribers before 10:15 AEDST)
Wall Street stalled last night and Europe contemplated its fate while the Japanese stock market is off to a flyer. Dow up 7. (Accessible only for subscribers before 10:15 AEDST)
Europe was quickly forgotten last night after the announcement of a big LBO sent the Dow scurrying back towards 14k once more, closing up 99. (Accessible only for subscribers before 10:15 AEDST)