ATW’s Jerry Simmons believes EUR/USD has rediscovered the path that runs upwards, while US equities are looking promising as well.
New governments may be forming but eurozone debt yields won’t go down. On little volume, Dow down 63.
There is a risk inevitable recession in Europe could lead to global recession, but Danske Bank believes this will not be the case as other economies step up.
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.
Greece has a new prime minister and Italy is about to get one it seems as the Mediterranean turns technocrat in this time of apolitical need. Dow up 112.
The Conference Board believes average global GDP growth will slow into at least next decade, while a PIMCO survey finds an increasing number of global pessimists, with Australians among them.
With Italy’s yield now above 7%, attention has turned to whether the euro can be saved. Dow down 389.
In another choppy session it was late news that Berlusconi is ready to stand down that kicked Wall Street to an optimistic close. Dow up 101.
A glance through the latest expert views and predictions about commodities with updates on base metal markets, why iron ore prices should strengthen and steel markets tighten and silver’s surplus.