The Overnight Report

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

There was nothing really new here, just another pledge and a confirmation of rumours. But the world liked it. Dow up 244. (Accessible only for subscribers before 10:15 AEDT)

More rumours flowed last night with one night to go, this time suggesting the ECB will buy unlimited bonds and sterilise them. Dow up 11.(Accessible only for subscribers before 10:15 AEDT)

No commitment from the Fed and talk from Draghi that short-end bonds could be purchased left Wall Street undecided last night. Dow down 54. (Accessible only for subscribers before 10:15 AEDT)

With the US closed, European markets were stronger last night as weak data raised hopes for ECB action.(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.

Spain will not ask for a bailout until it has confirmation of the terms and conditions. Dow down 106. (Accessible only for subscribers before 10:15 AEDT)

The ECB president has publicly argued the case for bond purchases via a German newspaper while the US economy appears decidedly beige. Dow up 4. (Accessible only for subscribers before 10:15 AEDT)

Draghi has cancelled his appearance at the Fed symposium to concentrate on the mission ahead. Dow down 21. (Accessible only for subscribers before 10:15 AEDT)

No new news, no volume, no incentives ahead of central bank meetings. Dow down 33. (Accessible only for subscribers before 10:15 AEDT)