Fundamental Headlines • Menendez Prodded Fed to Aid Lender – Wall Street
Journal • Coca-Cola Results Boosted by Asia Sales – Wall Street Journal • Greek
rescue hopes help bourses regain their poise - Financial Times • Euro, Oil,
Copper Gain on Greece Aid Speculation; U.S.
Fed Bullard has also come out on a separate matter that could help to bolster
the USD after saying that the discount rate could go up in the near future as
the Fed prepares its exit from liquidity programs. Nobel Prize economist
Stiglitz is generating some attention on the Greek crisis after
Fundamental Headlines • Fed to Bare Tightening Plan – Wall Street Journal • G-7
Leaders Split on Finance Regulation – Wall Street Journal • Traders cautious as
contagion fears linger - Financial Times • Weak Dollar Illusory as Correlated
Trading Shows Gains Since Bretton
The Dow Jones Industrial Average tumbled 268.37 points (2.61 per cent) to end
at 10,002.18, after a brief dip below 10,000 for the first time since November.
The tech-heavy Nasdaq composite dropped a hefty 65.48 points (2.99 points) to
2125.43 and the broad-market Standard & Poor's
The Dow Jones Industrial Average tumbled 268.37 points (2.61 percent) to end at
10,002.18, its lowest level since November, after a brief dip below 10,000
points. The tech-heavy Nasdaq composite dropped a hefty 65.48 points (2.99
points) to 2,125.43 and the broad-market Standard & Poor's
Fundamental Headlines • Tech Spending Bounces Back – Wall Street Journal •
Greece, Portugal Woes Intensify – Wall Street Journal • Sovereign debt fears
rattle investors - Financial Times • Bank of England to Pause Bond-Purchase
Plan, Keeps Open Option to Buy More –
Analysts had been expecting a 6.8% showing, and when the number came in at
7.3%, the single currency was sold violently and aggressively , before finally
finding some room for consolidation ahead of European trade. The 7.3% print is
the highest the rate has been in a decade , and could
The Dow Jones Industrial Average fell 26.30 points (0.26 per cent) to finish at
10,270.55, snapping two days of strong gains. The tech-rich Nasdaq composite
reversed earlier losses to manage a gain of 0.85 point (0.04 per cent) at
2190.91, while the Standard & Poor's 500 index
Fundamental Headlines • Dodd Vents Over Bank Proposal Handling – Wall Street
Journal • Despite Critics, AIG Sets Bonuses – Wall Street Journal • Volcker
plea over Wall St shake-up- Financial Times • Emerging Stocks Rise Most in Two
Months, Led by China, as Commodities
The triple digit gains in the DJIA and rebound in commodities have helped to
bolster appetite for higher yielding currencies as well, with even the beaten
down Aussie recovering well off of its post RBA lows. The Australian trade
deficit was released overnight and came out slightly
Fundamental Headlines • Fed to Bare Tightening Plan – Wall Street Journal • G-7
Leaders Split on Finance Regulation – Wall Street Journal • Traders cautious as
contagion fears linger - Financial Times • Weak Dollar Illusory as Correlated
Trading Shows Gains Since Bretton
