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It was a great night all round, which shouldn't have been a surprise after the G20 announcement to continue stimulus and do whatever is necessary to keep growth moving. In Europe the FTSE was up more than 1% and in the US the Dow was up around 2% and S&P 2.2%. Both US indices are at highs for this current market upswing. The Australian market should kick on again from here.

Dr Caton's update for 9th November 2009.

It was a good night. In the US the Dow was up 2.1%, the S&P up 2.3% and the NASDAQ up 1.8%. US GDP numbers signalled a 3.5% rise for the quarter ahead of expectations. US employment numbers showed further signs that unemployment may be beginning to peak. In Europe all the major markets closed higher more than 1%. The AUD is back up towards US 92 cents.

It was not a good day for risk assets. In the US the Dow closed 1.2% lower, the S&P and NASDAQ closed down 1.9% and 2.7% respectively. In Europe all markets closed more that 2% lower. Commodities are lower across the board. The AUD is now back below US 90 cents.

The news from markets over night was mixed. In the US the Dow was up .1%, and the S&P finished down .3% and NASDAQ down 1.2%. There was an unexpected fall in consumer confidence numbers which fell for the second month in a row. The AUD is sitting at US 91.6 cents.

There were small gains made in European markets. The FTSE opened up .2% and the Dax finished up .4%. The US had it's second down day. At the end of the session the Dow was down 1.1% and the S&P down 1.2%. The AUD came down and is now sitting at US 91.5 cents.

The US market continued it's topsy turby week with the market down for the day. The Dow fell by 1.1% and the S&P by 1.2%. For the week the Dow finished down .2% and the S&P .7%. The earnings that were released Microsoft and Amazon came in on the upside. The economic news that was released was existing home sales for the month of September which came in above expectations. The FTSE was up .7% and the Dax down .4%. The Australian market will open with a weak start for the week.

In Europe the market fell with the FTSE down by 1.1% and the German market down by 1.2%. The US, on the other hand, had a good night; and at the end of that, the Dow was up by 1.3%, and the S&P was up by 1.1%. The movement this week demonstrates, just my view, that you just can't afford to be out of this market at the moment. The AUD is currently sitting at US 92.7 cents.

Starting in Europe, the British and German markets both closed down overnight and this weakness translated through to the US market. Poorer than expected housing figures (specifically a fall in housing permit starts) out of the US also contributed to a soft day of trading, with the Dow and S&P slipping slightly. On the flipside, earnings numbers continue to come in strongly.

Starting in Europe, the British and German markets both closed down overnight and this weakness translated through to the US market. Poorer than expected housing figures (specifically a fall in housing permit starts) out of the US also contributed to a soft day of trading, with the Dow and S&P slipping slightly. On the flipside, earnings numbers continue to come in strongly.

It was another good session overnight, with the Dow Jones up 1% (and breaking the 10,000 barrier again) and the S&P 500 up around 1% also. 25 of 30 stocks in the Dow Jones rose overnight and the market was largely driven by favourable earnings reports. Around 135 companies are due to report this week. So far, so good.

Beginning in Europe the share markets rose with the FTSE up 0.3% and the German market up 0.7%. The US opened strongly, and continued up all day with the preliminary close numbers the Dow listed up 2.1% and the S&P up 1.9%. Jobless claims dropped again, and productivity growth in the non-farm business sector for the third quarter of the year grew at an annual rate of 9.5% which is phenomenal. The AUD sits around US 91 cents.

It was a good night in Europe with the FTSE up 1.4% and the German market up 1.7%. The US market flattered to deceive last night with the bears taking control in the last hour. The Dow finished up 0.4% and the S&P up 0.2%. The non manufacturing ISM fell for the month, and the statement from the FOMC re-affirmed to keep short term interest rates low for a long period of time. The Australian market will open up.

Beginning in Europe, the news wasn't positive with more murmurs of a UK bank bailout pushing the market down 1.4%, and the German DAX falling by 1.3%. In the US it was another mixed session with the Dow Jones slighty down (0.02%) and the S&P slightly up (0.02%). I think that's akin to an each way bet in racing lingo, if horses are still your thing. The Australian market should open mixed.

Overnight in Europe the FTSE closed up 1.2%, and the German DAX was up by 0.3%. In the US, it was an interesting session of conflicting forces. There were two pieces of noticeably good economic news construction spending rose by more than expected in the month of September it was up by eight-tenths of a percent; and as a result of that, it is likely that the Q3 GDP figure that we got last week would be revised up. The other thing that came in strongly was the so-called USM Manufacturing Index.

Peter Schiff on the Glenn Beck Show dated 06-05-09. Peter Schiff and another guest talk with Beck about the Cap and Trade bill and how it will damage the economy.

Paul Krugman, the winner of the 2008 Nobel Prize in Economics, discusses the current challenges to the U.S. economy and why we may be seeing a return to depression era economics.