News from the world’s financial markets by stock market expert Marcus Padley.
Market sentiment was soft in the wake of the ongoing inability for Italian politicians to get a government in place.
The US Case Shiller home price index is now growing at its strongest annual rate in over six years.
The eurozone deal to bail out Cyprus has spooked the markets.
The market is up 36 with financial stocks making strong gains on the back of the Dow Jones closing up 91 on Friday and on news that the ECB has set Monday as their deadline for when they will cut off ECB liquidity needed to keep Cypriot banks afloat. Reports advise that both a “good […]
The market is up 23 as the banks bounce from the open on a Macquarie upgrade to sector earnings and on a Cypriot attempt to get around the bailout issue with new bills that will overhaul the bank sector while avoiding a deposit levy. Our Futures were down 35 this morning after the Dow Jones […]
The market is down 3, having been up 32 early on. Our Futures were up 21 this morning as the Dow Jones closed up 56 and hit another intra-day record high. The Dow was up 91 at best on below-average volume. Cyprus’ financial future is being negotiated as we write. Positive comments from Bernanke and […]
The market is down 35. Our Futures were down 25 this morning, with Goldman Sachs downgrading Rio Tinto (RIO) to a “conviction sell” and BHP to neutral in the UK, sending the UK quotes down 5% and 3.5%. BHP is down 2.8% this morning taking 10 points off the index and RIO is down 3.3%. […]
The market is up 24, bouncing from its 105-point fall yesterday. Our Futures were up 37 this morning, with the Dow Jones down 62 last night on below average volume pulling back from its all-time high for the second consecutive session. The Dow was up 7 at best and down 110 at worst. The FOMC […]
The market is down 65 after an 85-point rally on Friday with$3 billion worth of business done in the last couple of hours of trade. The “froth” from Friday has blown straight off today. We have been down 89 at worst. Futures were down 23 this morning, with the Dow Jones down 25 on Friday […]
The market is up 56 following a 60-point fall yesterday. In a new period of volatility the ASX 200 has moved more than 50 points seven times in the last 17 trading days. Futures were up 18 this morning, with the Dow Jones up 84 overnight. The Dow was up 84 at best and notched […]
