This column argues that Chinese policy has a relatively small impact on developed economies’ macroeconomic circumstances, estimating major reduction in Chinese saving would improve US employment by less than 0.25%.
S&P downgraded Greek debt to below investment grade last night and took Portugal’s rating down two notches. Dow down 213.
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.
Wall Street managed to reverse an early plunge last night on vague EU assurances and some comfort from the President. Dow up 9. (Locked for subscribers until 10:00 AEST)
Another big sell off in Greek bonds had traders exiting the Aussie last night as the SPI Overnight headed south despite a flat close on Wall Street.
Positive earnings results including a cracker from Apple last night sent Wall Street towards its highs again. Dow up 25.
The case against Goldmans looks weak, Wall Street decided, while the volcano is apparently now angrier. Dow up 73.
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.