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.
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.
Strong US earnings, China’s PMI and hints from Europe had Wall Street up again, and commodities off to the races. Dow up 104.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Merkozy has now declared a definitive agreement on Europe will be announced next Wednesday as copper plummets on a Chinese clampdown. Dow up 37.
The Fed’s Beige Book disappointed Wall Street last night while stalled progress in Europe has markets chewing finger nails. Dow down 72.
Wall Street had already bounced before an E2trn rumour hit the market and was quickly quashed. Fun and games, Dow up 180.