The world shifted in Risk On mode last night as European politicians announced a wide-reaching set of measures to save Greece from full default (Locked for subscribers until 10am).
Wall Street marked time last night, awaiting tonight’s meeting in Europe and fresh meetings in Washington. Dow down 15.
Apparent resolution in Washington and a back-down from the ECB combined with strong US earnings to produce the best day for Wall Street in months. Dow up 202.
Analysts have done their own stress tests on Euro banks and found disturbing results, sending gold up through 1600. Dow down 94.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street gave up a promising start last night on qualification from the Fed chairman. Dow down 54.
Bernanke’s QE3 commitment sent Wall Street surging last night before debt ceiling arguments let the wind out of the sails. Dow up 44.
Global financial markets were all over the place last night amidst rumours, minutes and downgrades. Dow down 58.
Global markets lost confidence in Italy last night as the European crisis stepped up to a new level. Dow down 151.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.