The Overnight Report

A Christmas rally appears underway as Wall Street warms to the idea of a cliff resolution being close. Dow up 115. (Accessible only for subscribers before 10:15 AEDST)

The compromise offered by the Republicans on the weekend has been seen as a positive step towards a possible cliff resolution this year. Dow up 100. (Accessible only for subscribers before 10:15 AEDST)

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

Wall Street is a little uncertain about the Fed’s new targets, while Cliff is in the spotlight as leaders meet at the White House. Dow down 74. (Accessible only for subscribers before 10:15 AEDST)

As expected, the Fed last night converted Operation Twist into QE4 with a further bond buying program. Dow down 3. (Accessible only for subscribers before 10:15 AEDST)

Wall Street jumped last night on a report Cliff negotiations were progressing, until the Democrats poured cold water on the idea. Dow up 78. (Accessible only for subscribers before 10:15 AEDST)

Wall Street is focused on the Fed and Cliff not on Italy or China right now. Dow up 14. (Accessible only for subscribers before 10:15 AEDST)

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

The ECB held its rate steady despite lowering its GDP forecasts, as developments in Spain and Italy provide cause for concern. Dow up 39. (Accessible only for subscribers before 10:15 AEDST)

A revolt by Republican reps against their own negotiating team has provided hope for a bipartisan resolution to the Cliff. Dow up 82. (Accessible only for subscribers before 10:15 AEDST)