Markets Rally On The First Day Of 2009
Markets Rally On The First Day Of 2009
U.S. Dollar Trading (USD) started the year higher in a surprising move given the large rally in stocks and Oil. Economic data showed another contraction in US manufacturing with the December ISM slumping to 32.4 vs. 36.2 previously. In U.S. share markets, the NASDAQ was up 55 […]
US Markets and Commodities Wrap-up
US Markets and Commodities Wrap-up
Markets opened in slightly positive territory following a rise in energy and news that GMAC, the financial lending arm of General Motors, will now be considered in the TARP pool after the Federal Reserve authorized the firm to become a bank holding company. Crude opened higher following news that the U.A.E. […]
New Overnight Developments Abroad: Most Markets Still Shut
New Overnight Developments Abroad: Most Markets Still Shut
Japan released even more data Friday than Thursday, but market closures continued in Australia, New Zealand, the Philippines, Hong Kong, and Sri Lanka. Britain celebrates Boxing Day, and most European markets and Canada will remain shut. U.S. markets have an early close.
The dollar is mostly lower, with drops […]