News from the world’s financial markets by stock market expert Marcus Padley.
There is uncertainty in the US ahead of Germany’s constitutional court ruling on Wednesday and the FOMC meeting on Thursday
The market is up 1. SFE Futures were up 15 this morning. US markets up 15. The Dow was up 28 at best and down 26 at worst. A disappointing August nonfarm payroll number, which also included a downgrade to the July figure, added to expectations that a QE3 would be announced at the 12-13 September FOMC […]
he Dow was up 247 at best. S&P 500 up 2% to a four year high and the Nasdaq up 2.2% to the highest level since November 2000.
It looks like the ECB are going to announce an unlimited bond purchase program of "sterilised" bonds but only for countries that have asked for a bailout and only if they adhere to conditions.
The market is down 40. SFE Futures were down 55 this morning.
The market is down 16. SFE Futures were up 9 this morning.
The Dow was up 151 at best with all US markets up.
The Dow was down 129 at worst again on low volume with the Dow just holding onto the psychological 13,000 level.
The iron ore price is down 5% overnight to $90.30. Combined with a profit warning from Boart Longyer and the resources sector is down 2.7%.
Markets wait for the outcome of the meeting between global central bank officials at Jackson Hole this Friday.
