The Fed’s further easing of monetary policy on Wednesday has added new stimulus to the risk-on trade over the past two sessions. (Accessible only for subscribers before 10:15 AEDT)
Agreement has been unable to be reached in Athens and US earnings reports were weak but the market does not want to tank. Dow down 33. (Accessible only for subscribers before 10:15 AEDT)
Still no word on Greece, but markets remain confident if not a little anxious. Dow down 11. (Accessible only for subscribers before 10:15 AEDT)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street rose again last night, spurred on by successful eurozone bond auctions and reasonable US earnings results. Dow up 46. (Accessible only for subscribers before 10:15 AEDT)
Greece appears close to settling on its haircuts while a good result from Goldmans turned around US banks. Dow up 96. (Accessible only for subscribers before 10:15 AEDT)
China’s GDP, solid global economic indicators and successful European sovereign auctions sent Wall Street higher last night, hampered by worries over bank results. Dow up 60. (Accessible only for subscribers before 10:15 AEDT)
According to GaveKal, investors should not take negative guidance from the latest sovereign downgrades by S&P.
European stocks rallied last night despite S&P’s after-market downgrades on Friday. New York was closed. (Accessible to subscribers only until 10:00 AEDT)
Peter Switzer of the Switzer Super Report suggests it’s too early yet to forecast a positive 2012 for equities, but there are promising developments.