| 10 Oct 2008 |  |  |
Markets Today |
| | US stock markets plunged into the close the S&P 500 down 7.6% and the Dow off 7.3%. UK lost 1.2%, Paris -1.6% and Frankfurt down 2.5%. US bonds fell at the long end, 10-yr yields up by 15 bps to 3.79% ... |
| 9 Oct 2008 | | |
Markets Today |
| | Central bank cut rates; markets still jumpy: Global central banks announced a co-ordinated arte cut overnight. |
| 8 Oct 2008 | | |
Markets Today |
| | US equity markets were smashed again. The Dow closed 5.1% lower, the S&P 500 down 5.7%, and the NASDAQ was down 5.8%. |
| 7 Oct 2008 | | |
Markets Today |
| | Another night of big losses in equity markets, oil and the AUD overnight. |
| 7 Oct 2008 | | |
Markets Today |
| | The $700bn rescue plan was passed by the US House of Representatives on Friday night, by a margin of 263-171 votes. George W. Bush has since signed it into law |
| 3 Oct 2008 | | |
Markets Today |
| | The Dow fell 348 points (-3.2%), the S&P 500 fell 4.0% while the Nasdaq fell 4.5%. |
| 2 Oct 2008 | | |
Markets Today |
| | The US Senate will vote again later this morning on the $700bn rescue plan with rising expectation that it will pass through Congress. |
| 1 Oct 2008 | | |
Markets Today |
| | US equity markets recovered some ground overnight, on optimism that the pressure on Congress to act quickly will see the $700bn rescue package passed when it is next presented to the Senate on Thursd... |
| 30 Sep 2008 | | |
Markets Today |
| | The US House of Representatives has said 'no' to the 'bail out' plan, voting 238-205 to reject the Bill to establish the Troubled Assets Relief Plan (TARP). |
| 29 Sep 2008 | | |
Markets Today |
| | US stock markets had a volatile night struggling earlier on but then rallying to close higher with news of Washington Mutual bank going into receivership and then effectively sold to JP Morgan Chase. |
| 26 Sep 2008 | | |
Markets Today |
| | AUD/USD was knocked back to 0.8350 from above 0.8420 by a broadly stronger USD which benefited from news that Congress was near an agreement on a US$700bn bailout of financial institutions. |
| 25 Sep 2008 | | |
Markets Today |
| | US equity markets ended a volatile night lower, with the Dow 0.3% lower, the S&P 500 down 0.2%, while the NASDAQ was up 0.1%. |
| 24 Sep 2008 | | |
Markets Today |
| | Overnight, US Treasury Secretary Paulson, Fed Chairman Bernanke and SEC Chairman Cox testified before the Senate Banking Committee on the recent credit market turmoil. |
| 23 Sep 2008 | | |
Markets Today |
| | US stock markets gave back some of their recent gains, the S&P down 3.8% and the Dow off 3% SPI futures are down 2.2%. |
| 22 Sep 2008 | | |
Markets Today |
| | US stock markets rallied strongly on Fri, the Dow up 3.4% and S&P up 4.0%, on news of bank bailout (details below). |
Font Size