The Fed minutes went another step to confirming QE2 is due next month, but markets are now finding it tough to get more excited. Dow up 10.
It was Columbus Day in the US and nothing happened. Dow up 3.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street opened stronger before a big square-up occurred in all markets ahead of tonight’s jobs numbers and their QE2 implications. Dow down 19.
Wall Street shook off a weak private sector jobs report to close flat on heightened QE2 anticipation. Dow up 22. (Locked for subscribers until 10:00 AEDST)
The Bank of Japan moved yesterday to introduce widespread QE measures, prompting Wall Street to contemplate what other central bank might do the same. Dow up 193.
Broker downgrades ahead of earnings season were a feature of last night’s session. Dow down 78.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Profit-taking capped the best September on Wall Street in 71 years. Dow down 47.
In a meandering day for stocks, the highlight was a lower US dollar allowing copper to finally take the psychological US$8000/t level. Dow down 22.