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.
Forex.com’s Kathleen Brooks explains why this week’s achievements in Europe do not imply a Final Way Out will be found shortly.
Global euphoria was unleashed last night on the ratification of at least some details of the Final Solution. Some observers remain sceptical, but Dow up 339.
Plenty of speculation but nothing new out of Europe yet. Wall Street bounced around regardless. Dow up 161.
A cancellation of tonight’s finance ministers meeting has forced a delay in final ratification for the European solution and some weak US data added to the mood. Dow down 205.
PFP Wealth Management’s Tim Price notes the increasing incidence of investors watching short-term market moves and computer trading is causing overtrading and poor investment decisions.
Strong US earnings, China’s PMI and hints from Europe had Wall Street up again, and commodities off to the races. Dow up 104.
Forex.com’s Kathleen Brooks offers a ‘fundamental’ outlook on the price of crude oil.
Most stockbroker research focused on China in the week past with Europe only playing second fiddle. Meanwhile profit estimates continue to fall.