A raft of mixed global manufacturing data, the ongoing Japanese slide, more Fed-speak, a bounce in commodity prices and a big bounce in the Aussie make for more confusion. Dow up 138. (Accessible only for subscribers before 10:15 AEST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street rallied last night on a weaker GDP result, implying a delayed Fed exit. Dow up 21. (Accessible only for subscribers before 10:15 AEST)
Wall Street has concluded that a Fed exit is inevitable eventually and has decided it’s time to switch out of yield stocks. Dow down 106. (Accessible only for subscribers before 10:15 AEST)
Strong confidence and house price data pushed stocks up and bonds down on Wall Street, despite the Fed tapering risk. Dow up 106. (Accessible only for subscribers before 10:15 AEST)
It was quiet overnight with both the US and UK markets closed for holidays. (Accessible only for subscribers before 10:15 AEST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Fed talk, weak Chinese data and a big sell-off in Japan have all made for a wild 24 hours on stock markets. Dow down 12. (Accessible only for subscribers before 10:15 AEST)
Wall Street was confused last night by Bernanke’s comments and the Fed minutes, but it appears a big sell order hit the market regardless. Dow down 80. (Accessible only for subscribers before 10:15 AEST)
The Fed doves were again vocal last night, confirming QE can just as easily be increased as decreased in the near term. Dow up 52. (Accessible only for subscribers before 10:15 AEST)