Peter Switzer of the Switzer Super Report argues that Europe still provides challenges but that longer term investors should see a reasonable 2012.
A brief look at important company events and economic data releases next week.
European central banks have now agreed to join the Greek bond restructure while there is also talk of simply giving Greece a bridging loan. Dow up 123. (Accessible only for subscribers before 10:15 AEDT)
Dennis Gartman suggests the writing is on the wall for Greece if this week’s EU actions are any indication.
Wall Street appears at somewhat of a loss as to what one should do from here, and the Fed doesn’t seem to know either. Dow down 97. (Accessible only for subscribers before 10:15 AEDT)
The price of oil is beholden to storage capacity, refinery capacity, supply issues and Middle East tensions but in demand terms the global economy’s shift from West to East is significant for future pricing.
Response in global markets overnight to the Greek vote was relatively muted as ratification yet awaits. Dow up 72. (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.
Kathleen Brooks of FOREX.com notes the ECB is trying to improve liquidity by extending eligibility criteria to make it easier for banks in the region to attract capital.
Greek politicians finally reached an agreement last night and will await EU approval. Wall Street shrugged. Dow up 6. (Accessible only for subscribers before 10:15 AEDT)