Merkel suggested last night the world is dreaming if it expects all will be resolved in Europe after one summit this weekend. Dow down 246.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Concerns over Chinese financial integrity and a weak trade balance added to a poorly received result from JP Morgan last night. But Wall Street remained resilient. Dow down 40.
The EFSF is now officially a reality but Wall Street bounced off the top of its range last night. Dow up 102.
It was a quiet session on Wall Street ahead of results from Alcoa and Slovakia. Dow down 16.
Merkozy’s unqualified declaration of a plan to save Europe was well received offshore last night. Dow up 330.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
The ECB announced various measures to support European bank recapitalisation last night while positive US data added to more euphoria. Dow up 183.
European markets responded well to bank recapitalisation talks while Wall Street kicked on. Dow up 131.
Late positive news from Europe turned a 250 Dow fall into a 153 point rally on the close.