As the world slows, and the commodity story takes a hiatus, Asia is no longer looking so attractive. Where is the next export economy growth story?
More financial sector downgrades helped the Dow fall 100 points but a sharp snap-back in the oil price saw all commodities turn markedly.
The Dow fell 140 as the financial sector spell was broken and reality brought Wall Street back to earth.
The US dollar has shocked the world with a dramatic bounce. Could China have something to do with it?
Gold crashed over US$30 last night and oil fell again despite the conflict in the Caucuses. The Dow hung on to a 48 point gain.
The US dollar soared on Friday, sending oil and all commodities crashing, and the Dow up 300 points.
This feature updates the views expressed in a previous feature, “Australia’s Unavoidable Recession”, published in 2006.
The Dow fell 224 last night as several component stocks were hit with various pieces of bad news.
Freddie Mac posted a loss three times bigger than expected last night, and the Dow closed up 40.
Falling oil, positive data and earnings spurred on Wall Street last night. The Fed provided the kicker with a “no change” to rates. The Dow jumped 331 points.