QE3 will end next month as planned but the Fed surprised the market by appearing more hawkish in its policy statement when more dovish was expected. Dow down 31.(Accessible only for subscribers before 10:15 AEST)
The Dow regained 17,000 last night in a typical pre-Fed-statement rally as investors anticipate soothing words. Dow up 187. (Accessible only for subscribers before 10:15 AEST)
Wall Street settled down to post a quiet session last night, eyeing off this week’s Fed meeting. Dow up 12. (Accessible only for subscribers before 10:15 AEST)
Responses to the GFC in the US and eurozone began consistently, but while the US is now recovering, the eurozone is again sliding. Why?
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.
Strong US earnings drove a 300 point Dow rally last night before news of possible Ebola case in New York City shaved off 100 points by the close. Dow up 216. (Accessible only for subscribers before 10:15 AEST)
A shooting in Canada and another fall in oil prices reversed the mood on Wall Street last night. Dow down 153. (Accessible only for subscribers before 10:15 AEST)
Kathleen Brooks of FOREX.com puts forward a counterintuative argument that renewed Fed dovishness could actually prove positive for the greenback amidst global stimulus.
The ECB has begun buying covered bonds in member countries while mixed earnings results on Wall Street affected mixed index moves. Dow up 19. (Accessible only for subscribers before 10:15 AEST)