News from the world’s financial markets by stock market expert Marcus Padley.
The US market rallied as US Fed Reserve boss Ben Bernanke called on Congress to take action before the arrival of the "fiscal cliff" towards the end of the year
Dow Jones down 50 -- Very low volumes this month as the US is in holiday season -- The Dow was down 87 at worst.
US stocks went up on Friday breaking a 6 day losing streak.
The market has jumped this morning after the release of Chinese GDP data.
All markets were up overnight until the news that a German Constitutional Court would delay the European Stability Mechanism for up to three months.
We await trade numbers from China today and there was little in the way of economic data out on Wall St.
The Dow was down 194 at worst on the back of disappointing employment numbers.
The markets were overshadowed by dour economic outlook comments from ECB head Mario Draghi.
European markets were all down for the first time in four days.
Markets were up on a Chinese press article talking about a further interest rate cut in China.
