Investor optimism had an encounter with economic reality yesterday. Optimism lost. (Locked for paying subs only until 10am).
No Christmas cheer but investor worries are dominating financial markets. And there’s plenty to worry about, so it seems. (locked for subscribers only until 10am).
Overall investor mood has turned sour in the closing days of 2008. China cut interest rates for the fifth time since September.
Markets were mixed, but two of the three main gauges closed on the upside after Washington announced a $17.4 billion lifeline to automakers.
Each Christmas CommSec speculates on what the new year might bring.
Oil fell into the thirties last night and a downgrade of GE had the Dow down 219. (Unlocked as a Christmas present)
Oil fell 8% despite a record cut in OPEC production. The Dow gave back 100.
Wall Street has applauded a bold new approach to monetary policy taken by the Fed last night. The Dow rose 360. (This report will be unlocked as a community service).
It was a quiet Monday on Wall Street as investors await a series of events on Tuesday including the Fed rate decision. The Dow gave up 65 points.
Friday saw a rally which brought the Dow back to where we left it last Friday. It was up 64 in the session.