Global stock market weakness continued last night on the back of Greece’s inability to meet its deficit reduction targets. Dow down 258.
Market analysts at FXCM suggest the euro is close to a major fall as investors continue to factor in a negative outcome from the current sovereign debt crisis.
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.
The Dow gave up a 261 point to finish up 143, having been negative in between.
A lack of news in Europe focused attention on the new low made in the Chinese market as the copper price slips away. Dow down 179.
Analysis by FOREX.com suggests the euro may have further to fall if the EU disappoints on its latest rescue plan, as the currency is still vulnerable to risk sentiment.
The Dow gave up a 320 point gain to close up 146 as the bickering begins again in Europe.
Markets appear to have further to fall before hitting a bottom, reports Forex.com.
Europe’s TARP-style rescue plan began to take shape last night, providing a boost of confidence. Dow up 272.