European governments find themselves increasingly between a rock and a hard place. Belgium might only prove the sample of what is yet to come next, argues Forex.com’s Kathleen Brooks.
Slowing global growth and uncertainty lead brokers to mostly cut commodity price forecasts, with growth revisions also impacting on other sectors.
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 Kathlees Brooks analyses the two different approaches by two central banks under the pump.
The ECB announced various measures to support European bank recapitalisation last night while positive US data added to more euphoria. Dow up 183.
European markets responded well to bank recapitalisation talks while Wall Street kicked on. Dow up 131.
A glance through the latest expert views and predictions about commodities with analysts using the end of the September quarter to revise forecasts generally lower given market headwinds remain in place.
Late positive news from Europe turned a 250 Dow fall into a 153 point rally on the close.
BArclays Capital has analysed seasonal trends for Otober and notes equities tend to deliver positive performance but the US dollar and commodities find the going tougher.