Wall Street held steady all session until 3pm when a massive programmed sell order ensured a technical break-down. Dow down 96.
Low leading indicator and confidence readings in China and the US broke the dam of building disquiet last night sending risk assets tumbling. Dow down 268.
Wall Street meandered on thin volume last night as investors search for a reason to move either way. Dow down 5.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
In what seems like a delayed reaction, Wall Street took a tumble last night as fears of a fresh global slowdown grew. Dow down 145.
Despite Tuesday’s technical break-down, Wall Street managed to hold up last night in the face of very weak housing data and a more sober outlook from the Fed. Dow up 4.
A weak US housing number added to a growing renewal of general concern last night as the S&P500 fell through its 200-day moving average amidst weak volume. Dow down 148. (Locked for subscribers until 10:00 AEST)
The week starts off with a change in yuan policy, an agreement between Telstra and the government and a positive lead from Wall Street.
Risk markets diverged overnight with some taking guidance from disappointing data and others, well, they posted another positive day. (Locked for subscribers until 10:00 AEST)
Risk assets initially had another run last night, but ultimately reverted back to closing prices of the previous day. (Locked for subscribers until 10:00 AEST)