The Dow closes mildly higher as the world looks to tonight’s Fed announcement. Base metals go for a run.
The Dow closed up 176 points on some weak housing data, and hence growing expectation of a 50 point rate cut.
Just how much will this week’s Fed rate decision be affected by its belated knowledge of the SocGen debacle?
The Dow opened up 100 points on Friday before profit-taking kicked in and a steady decline eventually saw a close down 171.
The Dow managed to add another 100 tenuous points as the Bush Administration steps up its fiscal rescue.
The Dow bounced last night on news of a possible rescue for US monoline insurers. What’s that all about?
Today’s CPI data suggest one more rate hike is necessary and only a deteriorating global economy will be able to keep the RBA on hold.
December quarter’s inflation figures in Australia came out high.
The latest reading into the Australian economy, admittedly before the January turmoil, continues to signal a healthy outlook lies ahead.
Wall Street saw what happened in the rest of the world and opened the Dow down 464 points. But the Fed decided to make an emergency rate cut of 75 basis points and the Dow came racing back.