Contraction for the US services sector and weak same-store sales saw initial strength on Wall Street fade before a last minute sell-off. Dow down 86.
The stock market attracted little interest last night but gold was in focus, setting a new record despite a stronger greenback. Dow down 19.
It was back to business as usual last night as the US dollar headed south once more. Dow up 126. (Locked for subscribers until 10:00 AEDST)
Dubai debt issues overshadowed Black Friday, usually the only thing US markets are worried about on the short day after Thanksgiving.
Dubai debt issues should not be a surprise to anyone, but the markets are currently sensitive to any further scares.
A good jobless claims number meant new highs on Wall Street while gold nears US$1200 on a weak greenback. Dow up 30.
Celebrated GFC predictor Nouriel Roubini provides ten reasons why the global economy will recover in a ‘U’.
Low volumes, a switch to defensives, a rush for Treasuries. Wall Street is packing up for Christmas. Dow down 17.
Forget Chinese economic growth. Currency imbalance means China is also potentially dragging the world back into crisis.
A weak greenback and strong US home sales had Wall Street on a fly from the bell. Dow up 132.