The ECB managed only to exacerbate fears last night amidst heavy selling while disparate US electronic stock platforms conspired to cause a big error. Dow down 347, having been down 1000 for a blink. (Locked for subscribers until 10:00 AEST)
Greek protest riots turned fatal last night as the euro took another hit. Wall Street closed off its lows with the support of private jobs data. Dow down 58.
The TechWizard is convinced the ASX200 will retest 4500 while the S&P500 has now confirmed a head-and-shoulders formation.
European markets gave the Greek rescue a vote of no confidence last night sparking a huge flight to quality and sending stocks and commodities tumbling. Dow down 225.
Strong manufacturing numbers in Australia, Europe and the US helped turn markets around as the Greek plan fails to allay fears. Dow up 143.
Barclays Capital’s review of seasonal trends shows May tends to be a positive month for equities, energy and precious metals.
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.
Confident of a Greek rescue, Wall Street embraced a raft of strong earnings reports and positive economic data last night. Dow up 122.
Wall Street dismissed the inevitable downgrading of Spain last night and instead embraced the Fed’s brighter picture. Dow up 53.