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.
Wall Street bounced hard on anticipation of a debt extension agreement in Washington. Dow up 323. (Accessible only for subscribers before 10:15 AEST)
The confirmation of Janet Yellen’s appointment as Fed chair provided some respite from the shutdown/ceiling debacle last night. Dow up 26. (Accessible only for subscribers before 10:15 AEST)
Peter Switzer of the Switzer Super Report discusses the “Hindenburg Omen” and the possibility of a much bigger US correction.
Kathleen Brooks of FOREX.com despairs that the two parties appear to be drifting further apart on Day 8 of the shutdown. Meanwhile, Europe has its own problems.
Another day of shutdown, another fall on Wall Street. Dow down 159. (Accessible only for subscribers before 10:15 AEDST)
Chris Weston of IG markets discusses global financial market movements of the past 24 hours and his thoughts on the sessions ahead.
Have markets been too complacent regarding the capacity of Congress to reach an agreement on US debt. FOREX.com’s Kathleen Brooks discusses.
The two parties appear now to be testing each other’s resolve on the potential catastrophe of US default. Dow down 136. (Accessible only for subscribers before 10:15 AEST)