The Spanish auction was not an issue, but weakening US data now has Wall Street worried. Dow down 68. (Accessible only for subscribers before 10:15 AEDT)
US earnings are beating estimates but Wall Street is selling down stocks which don’t knock everyone’s socks off. Dow down 82. (Accessible only for subscribers before 10:15 AEDT)
There would have been a lot of weary computers drinking after market in New York bars last night, but not a lot of investors. Dow up 194. (Accessible only for subscribers before 10:15 AEDT)
Cinzia Alcidi and Daniel Gros suggests Spain’s issue has been an extreme housing bubble and too slow an adjustment to this bubble.
Profit-taking in Apple dominated Wall Street last night despite the Dow trying to push higher (up 71) leaving the broad market index flat. (Accessible only for subscribers before 10:15 AEDT)
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.
With little investor interest, it’s a traders market out there. Wall Street is jumping at each tidbit of news and speculation and last night that was positive. Dow up 181. (Accessible only for subscribers before 10:15 AEDT)
An ECB official last night suggested the central bank could recommence buying stressed eurozone bonds if necessary, easing fears in Europe. Dow up 89. (Accessible only for subscribers before 10:15 AEDT)
There was somewhat of a negative feedback loop across the globe last night as Europe returned from Easter and Spanish and Italian bond yields continued to rise. Dow down 213. (Accessible only for subscribers before 10:15 AEDT)