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.
Columns / Morning Market Report
News from the world’s financial markets by stock expert Marcus Padley.
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.
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
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 […]
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.
Markets drop after inconclusive Euro meeting
The EU Summit has delivered nothing much and there is no deal with Greek bond holders yet.
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.
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.
Markets shrug off IMF downgrade
The market seems to have shrugged off a downgrade to global growth by the IMF.
Hope for Greek deal pushes markets up
Euro at a three week high on hopes that Greece will hit a deal.
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 […]
Markets up due to good news from the US and Europe
US jobless claims hit their lowest in four years.
IMF Euro fund boost pushes markets up
Stocks were up as the IMF sought to boost their $600 billion fund to help euro zone countries by seeking up to an additional US$500 billion.
Citigroup misses earnings, markets down
Citigroup was down 8.2% after reporting earnings that missed estimates. They posted their lowest revenue since the GFC in 2008.
Markets up on Euro debt downgrade optimism
A French bond auction went better than expected — suggesting the country’s debt downgrade had had little market impact.
Markets down on Euro credit ratings cuts
After the market closed S&P cut the credit ratings on nine euro zone countries, including France and Austria.
Final day of the pre-Christmas market
The market is up 42. The SFE Futures were up 37 this morning.
Existing homes sales on the rise
Economic data impressed with existing home sales rose 4% in November to 4.42m, the highest level in ten months.
German business and consumer confidence up
Economic data was also positive in Europe as German business and consumer confidence both came in better than expected in December.
Europe’s economic outlook is slow
The ECB President, Mario Draghi, said the economic outlook contained substantial downside risks, with a recovery in economic activity to be slow.
Fitch downgrades push markets down
Over the weekend Fitch cut France’s rating outlook to negative and put six countries on review for a downgrade.
Finally some good news, markets respond
After three days of losses the Dow closed up 45 points on a number of positive US economic reports.
Euro’s continued decline pushes markets down
The Dow Jones closed down 131 overnight. The Dow closed lower for a third day and hit its lowest level in two weeks.
Continuing Euro concerns quell markets
US stocks fell for a second straight day.
Ratings pressure forces Euro markets down
European stocks fell the most in three weeks as Moody’s said they will review all the credit ratings of all European nations.
