It only needed China to deny it was looking to dump the euro to release pent up buying demand last night. Dow up 284. Aussie surges three cents.
Wall Street opened stronger last night, but ultimately closed lower, as the rumour mill churned and the euro pushed toward previous lows. Dow down 69.
Without the North’s backing of China, Danske Bank cannot see a war erupting on the Korean peninsular.
Antipodean Capital suggests the short-term technical picture for US equities is positive as prices respected support before bouncing higher.
The Dow opened down nearly 300 points as Korea entered the mix before a rolling wave of buying took the average back to only down 22, and the S&P into the green.
Deusche Bank looks at emerging comapniues exposed to US growth while JP Morgan forecasts changes to index constiuents.
Wall Street saw a nervous late sell-off as Spain moved to take over a troubled regional bank, but commodities were strong overnight. Dow down 126.
2010 may have begun to look and feel like 2008, notes BTIG, but it’s not.
A brief look at important company events and economic data releases next week.
For the first time in a long time, Wall Street fell as the euro rallied last night, based on financial regulation fears within the general panic. Dow down 376.