The situation in Greece continues to deteriorate as investors rush US ten-years. Dow down 72.
Wall Street went nowhere last night as markets digested the Fed minutes and a Treasury bond auction went quite well.
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.
The first quarter ended on a nervous note in the US as jobs forecasts were tested. Volume was poor for an end of quarter session. Dow down 50.
Greek bonds began to topple again last night while Ireland was forced to take on bank debt, all amidst a flurry of disinterest on Wall Street. Dow up 11. (Locked for subscribers until 10:00 AEDST)
With two nights to go in the quarter commodity funds decided to buy with gusto last night following a successful Greek bond issue. Dow up 45.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
The US Treasury bond market is under siege at the same time Europe is threatening to fracture. With stock markets grafting giddily upwards, what investments are really safe?
Just when it looked a Greek rescue plan was in the bag, the ECB slammed the EU and spooked Wall Street, turning a 120 point Dow rally into a flat session.