United States

The potential default of Greece is one thing, but Spain’s is a much, much larger economy. Is Europe heading towards an uncontrollable contagion?

Just a few months ago market commentators were confident the worst was behind us, but there is growing caution as the reality of recovery sets in.

Europe is still weighing on sentiment as uninspiring economic data kept Wall Street at bay last night. Dow down 26.

Last month President Obama made an uncharacteristically visceral attack on US banks, pledging to shake up the industry with extensive reforms, and thus sparking a Wall Street sell-off. What’s Wall Street’s problem? And how might it affect Australia?

A strong US home sales result and some easing of Greek concerns added further fuel to yesterday’s relief rally. Dow up 111. (Locked for subscribers until 10:00 AEDST)

A welcome bounce followed a positive manufacturing sector read in the US. Dow up 118.

As fast growing emerging nations continue to industrialise, the decade ahead should see higher global growth.

After a positive start, Wall Street ends down again, with a raft of positive economic news brushed aside by an increasingly sceptical market.

Stocks were sold off for the third straight day on Wall Street, with investors brushing off mostly positive earnings on a host of issues.

Stocks pulled back from 15-month highs on a weak consumer confidence read and news JPMorgan booked some steep loan losses. Dow down 0.9%.