Articles by Marcus Padley


Morning Market Report: Markets down, gold, oil falls

The Dow closed down 3 points after being down as much as 53.

Morning Market Report: EU approves next stage of Greek bailout

The Dow closed up 28 points after being up as much as 81 on better than expected jobless numbers and as the EU approved the next stage of the Greek bailout accord

Morning Market Report: Aussie dollar drops after high rise overnight

The market is down 23. The SFE Futures were up 9 this morning. The Dow closed down 53 points after being up on the open on good economic numbers. The market reversed after Ben Bernanke ruled out another round of quantitative easing taking the gold price down 5% or $91.40 to $1696.30. The ECB lent […]

Morning Market Report: Markets have a purple patch as Dow finishes on high

It was the first time since May 2008 that the Dow has closed above the 13,000 level.

Morning Market Report: Markets calm despite Germany backing a Greek bailout

The Dow was down as much as 100 but rallied on news of a German vote in favour of the Greek bailout deal.

Morning Market Report: Oz markets start the week down

The market is down 30. The SFE Futures were down 7 this morning.

Morning Market Report: Markets up after a quiet night in the US and Europe

European markets were flat as the Greeks progress their deal with bond holders.

Morning Market Report: Markets down, Fitch cuts Greece’s debt rating

Fitch cut Greece’s debt rating, saying a default is highly likely (?!).

Morning Market Report: Hopes of a final Greece bailout drive markets up

European markets were higher on hopes that Greece will finally secure a bailout.

Morning Market Report: Positive US data and Greek hope pushes markets up

The Dow closed up 46 points on Friday and was up 64 at best on hopes that Greece will receive a bailout.

Morning Market Report: The Dow Jones’ worst day for 2012

The Dow closed down 97 points and was down as much as 125. It was the third day in four that the index closed lower and was its worst day yet in 2012.

Morning Market Report: Markets continue Euro-induced rollercoaster

The Dow closed up 73 overnight and was up 87 at best on the back of Greek parliament passing the latest round of austerity measures.

Morning Market Report: Greek news changes market mood

The SFE Futures were down 19 early on before news of a Greek deal saw them up 9 before the open.

Morning Market Report: Euro progress boosts markets

Some progress as Greek political leaders muddle through a ‘tentative’ deal on austerity cuts which has now to be presented to European ministers for approval.

Morning Market Report: Markets up as rumours of Greece austerity measures deal surface

A Wall St Journal article saying the Greeks are close to finalising a deal with the EU on austerity measures pushed markets up.

Morning Market Report: Stalled Greece talks push markets down

European markets were lower as hopes of a Greek bond holders deal faded a bit and as Greek politicians leaders failed to agree on details

Morning Market Report: Markets up as US unemployment rate falls to three year low

The market is up 50. The SFE Futures were up 56 this morning. The Dow closed up 157 on Friday after a better than expected jobs report. The S&P 500 was up 1.5% and was up more than 2% for the week for its fifth straight weekly gain. The Nasdaq rose 1.6% to an 11-year […]

Morning Market Report: Markets down, US interest rates to remain low

Ben Bernanke told the House Budget Committee that the Fed decised to hold interest rates at record low levels.

Morning Market Report: Markets drop after inconclusive Euro meeting

The EU Summit has delivered nothing much and there is no deal with Greek bond holders yet.

Morning Market Report: Markets await Euro leaders meeting tonight

European leaders meet in Brussels tonight and are expected to finalise a pact on balanced budgets and reforms and discuss the Greek bailout announced in October that is waiting on a Greek deal with bondholders.

Morning Market Report: US markets down on interest rate news

As expected the FOMC Meeting extended the “extended period of time” that interest rates will remain “exceptionally low” from mid 2013 to late 2014.

Morning Market Report: Markets shrug off IMF downgrade

The market seems to have shrugged off a downgrade to global growth by the IMF.

Morning Market Report: Hope for Greek deal pushes markets up

Euro at a three week high on hopes that Greece will hit a deal.

Morning Market Report: Markets down as still no bond agreement in Greece

The market is down 8. The SFE Futures were down 6 this morning. No Greek agreement with creditors over bond holding haircuts yet. The Dow Jones was up 97 with two thirds of the rise thanks to IBM but the S&P 500 and the Nasdaq were both up just 0.1%. Our Futures down 6 this […]

Morning Market Report: Markets up due to good news from the US and Europe

US jobless claims hit their lowest in four years.