Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Greek politicians finally reached an agreement last night and will await EU approval. Wall Street shrugged. Dow up 6. (Accessible only for subscribers before 10:15 AEDT)
There was a lot of to-ing and fro-ing in Europe last night suggesting were are on the cusp of something, whatever that might be. Dow up 5. (Accessible only for subscribers before 10:15 AEDT)
Even allowing for a bursting of the Chinese property bubble, steel industy consultant MEPS sees positives for steel demand in that country, while noting conditions are also improving in the US market.
Wall Street again turned a drop into a rally last night helped by Uncle Ben not ruling out QE3. Dow up 33. (Accessible only for subscribers before 10:15 AEDT)
ATW’s Jerry Simmons questions whether this year’s upswing is running out of breath.
Austerity package resolution is “close” in Athens as is the separate issue of debt resolution as the world again watches and waits in frustration. Dow down 17. (Accessible only for subscribers before 10:15 AEDT)
Market analysts at FXCM suggest the US dollar is at risk of further falls as the Dow Jones Index tests multi-yer highs.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A brief look at important company events and economic data releases next week.