Greece appears close to settling on its haircuts while a good result from Goldmans turned around US banks. Dow up 96. (Accessible only for subscribers before 10:15 AEDT)
China’s GDP, solid global economic indicators and successful European sovereign auctions sent Wall Street higher last night, hampered by worries over bank results. Dow up 60. (Accessible only for subscribers before 10:15 AEDT)
European stocks rallied last night despite S&P’s after-market downgrades on Friday. New York was closed. (Accessible to subscribers only until 10:00 AEDT)
Forex.com’s Kathleen Brooks explains why the ECB dressed up like Santa Claus overnight.
Three economists suggest history shows when countries are faced with an unsustainable debt burden, slow but steady adjustment remains the best policy approach.
Forex.com’s Kathleen Brooks explains why we all need a Christmas break, while keeping an eye open for tomorrow’s Spanish auction.
Despite the trend deteriorating around the world, NAB economists remain more upbeat about prospects for Australia in 2012.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Only a 25bp cut from the ECB, and no further bond purchases. Dow down 198.
Kathleen Brooks of FOREX.com reports the upcoming ECB meeting and EU summit will be important for Europe given the potential for progress in resolving the sovereign debt crisis.