The Overnight Report

New governments may be forming but eurozone debt yields won’t go down. On little volume, Dow down 63.

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

Greece has a new prime minister and Italy is about to get one it seems as the Mediterranean turns technocrat in this time of apolitical need. Dow up 112.

With Italy’s yield now above 7%, attention has turned to whether the euro can be saved. Dow down 389.

In another choppy session it was late news that Berlusconi is ready to stand down that kicked Wall Street to an optimistic close. Dow up 101.

With a new government to be formed in Greece attention turned to Italy last night as the Italian ten-year yield rose dangerously higher. Dow up 82.

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

The referendum is off it would seem but Papandreou must still face a confidence vote. It was good enough news for Wall Street. Dow up 208.

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.