Wall Street posted another strong rally ahead of tonight’s Greek vote and some surprising data at home. Dow up 145.
A deal offered by French banks on Greek debt helped ease fears and turn Wall Street around last night. Dow up 108.
PFP Wealth Management’s Tim Price suggests excess debt and dealing with this problem will have painful implications for the global economy.
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.
Chinese and European PMIs, US data, strategic oil reserve release, and then a new Greek austerity plan. From 234 points down, the Dow closed down only 59.
FXCM currency analyst David Song predicts the USD will see strength, not weakness post Bernanke’s meeting with the press.
Wall Street took a tumble in the last hour as Bernanke admitted US economic problems may not necessarily all be temporary. Dow down 80. (Locked for subscribers until 10:00 AEDT)
Last night Wall Street anticipated this morning’s vote of confidence in the Greek prime minister. Dow up 109.
Never shy to make big market calls, US based market guru Dennis Gartman believes we will see more weakness in risk assets.