Why do investors rush to government securities when the US was at the epicentre of the financial crisis?
Strength on European markets belied an ever weakening euro while Wall Street struggled to justify further gains before losing its bottle in the last hour. Dow down 113. (Locked for subscribers until 10:00 AEST)
It’ll only take two months -at the max- before the world will once again look a troubled place, predicts the Wizard.
Wall Street was heartened by economic data and pushed indices back above the collapse level of last week. Dow up 148.
Dennis Gartman shares his thoughts on the plight of the euro and the subsequent effect on gold.
Wall Street rode an uneasy rollercoaster last night but it was up and only up for gold, to a new record high. Dow down 36.
Wall Street was last man in to the global relief rally on the back of the euro defence package announced after the New York close yesterday. Dow up 404.
After months of destructive dithering, the EU has finally hit the panic button and pledged hundreds of billions of euros in aid for the eurozone while the ECB has yet again reneged and joined in with bond support.
A 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.