Markets around the world rebounded last night without any particular change in the European situation or anything particularly new from the Fed. Dow up 178.
The Greek prime minister’s insistence on holding a referendum on the latest austerity measures means the plan to save Europe is now up in the air. Dow down 297.
There are some similarities between gold price action in 2008 and now and Barclays Capital sees enough positive drivers to suggest further gains in the metal’s price are likely.
Barclays Capital’s analysis of monthly seasonal trends shows November historically opens the good season for equities.
MF Global filed for bankruptcy last night due to sovereign debt exposures while markets remain unconvinced about Italy and the BoJ intervenes. Dow down 275.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Global euphoria was unleashed last night on the ratification of at least some details of the Final Solution. Some observers remain sceptical, but Dow up 339.
With RBS Australia initiating coverage on Apella Mining it brings to three the number of brokers researching the gold junior, all of which rate the company as a Buy.
Plenty of speculation but nothing new out of Europe yet. Wall Street bounced around regardless. Dow up 161.
A cancellation of tonight’s finance ministers meeting has forced a delay in final ratification for the European solution and some weak US data added to the mood. Dow down 205.