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.
Google posted a shocker last night under controversial circumstances, but the broad market was not overly impacted by the Nasdaq drop. Dow down 8. (Accessible only for subscribers before 10:15 AEDST)
It was a weak session for US earnings reports, but Wall Street was turned around by economic data and in the background, Spain avoided junk status. Dow up 5. (Accessible only for subscribers before 10:15 AEDST)
More earnings beats, solid economic data, a change of regime at Citigroup and unconfirmed news from Spain all conspired to push Wall Street ever higher. Dow up 127. (Accessible only for subscribers before 10:15 AEDST)
Markets tend to now shrug at more eurozone sovereign credit downgrades, but Citi warns another Spanish downgrade could have serious implications.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Spain is downgraded, putting more pressure on Madrid, while Apple’s influence on US indices continues to be significant. (Accessible only for subscribers before 10:15 AEDST)
Spain, Greece, US earnings, economy downgrades, the fiscal cliff – eventually something had to give. Dow down 128. (Accessible only for subscribers before 10:15 AEDST)
A sudden plunge in the euro last night that sent Wall Street packing has been blamed on a misquote in Spanish bond yields. Dow down 110. (Accessible only for subscribers before 10:15 AEDST)