News from the world’s financial markets by stock market expert Marcus Padley.
With no major economic data released in the US markets traded on light volumes as they await Fed Chairman Bernanke’s August 31 presentation at Jackson Hole.
Weak Chinese, Us and Euro zone data saw markets fall.
All markets were down including the US until a rally on the release of the July 31-August 1 Federal Open Market Committee meeting minutes which suggested that the FOMC are open to the idea of further economic stimulus.
Dow closed down 68. The Dow was up 59 at best and down 85 at worst.
Dow closed down 4 and was down 45 at worst with the S&P500 and the Nasdaq finishing flat. T
Apple shares hit a record high on rumours that they will be releasing a mini iPad and iTV product.
Germany's backing of the euro pushes US markets up.
Markets are up thanks to a rise in the big four banks with a bit of Citi research from Europe highlighting Australian banks as good income plays
US markets were stable overnight but a combination of Euro concerns and market results at home saw the markets drop.
The market is up 13 and has rallied from being down 12 first thing.
