Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
The St Louis Fed president last night shot down the heightened QE3 expectations emanating from the release of the minutes of the last Fed meeting the night before. Dow down 115. (Accessible only for subscribers before 10:15 AEDT)
The Fed minutes suggest QE3 may be a lot closer than thought. At least, that’s what it seemed a month ago. Dow down 30. (Accessible only for subscribers before 10:15 AEDT)
Wall Street pushed above its previous closing highs last night on more euro-speculation, only to trigger profit-taking. Dow down 68. (Accessible only for subscribers before 10:15 AEDT)
A headline starved market is grasping at anything confirmed or unconfirmed to provide clues at the point of index resistance. Dow down 3. (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.
There was not a lot to justify a strong session on Wall Street, but the sellers are on holiday. Dow up 85. (Accessible only for subscribers before 10:15 AEDT)
A raft of mostly positive US data was met with ambivalence last night by the three traders left on Wall Street. Dow down 7. (Accessible only for subscribers before 10:15 AEDT)
Is a solid US retail sales number good news or bad news? Wall Street doesn’t know either. Dow up 2. (Accessible only for subscribers before 10:15 AEDT)
Wall Street is now struggling to hang on to gains amidst peripheral newsflow and silence from Europe. Dow down 38. (Accessible only for subscribers before 10:15 AEDT)