The Overnight Report

The big sell-off in US bonds was the focus last night while markets look out for a Chinese rate rise on the weekend. Dow up 13.

Wall Street opened stronger on confirmation the Obama Administration had compromised on tax cuts before a late sell-off wiped out the gains. Dow down 3.

What to do about Europe? The Europeans don’t seem to know. Uncertainty breeds weakness as the bulls try hard to drive the Bernanke gravy train. Dow down 19.

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

A big jump in US pending home sales and at least some reassurance from the ECB had Wall Street running hard for a second consecutive session. Dow up 106.

Strong global manufacturing data and a solid private jobs report put Wall Street back into forward gear last night, and now there’s talk of the Fed printing money to help the IMF to save Europe. Dow up 250.

Wall Street was unable to shake off European concerns at the end of the month despite some positive economic data. Dow down 46.

German insistence that European sovereign bondholders will have to take a haircut after 2013 if needs be has forced a de-rating of all euro-debt despite the Irish bail-out. Dow down 39.

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

European stocks traded higher last night but activity across the markets was light given the US Thanksgiving holiday.