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5Vote!

ECB Trichet's comments show central banks' delicate balancing act

Filed under: International markets , Indices , DJIA , Financial Crisis European Central Bank President Jean-Claude Trichet jolted the markets Friday with the announcement that the ECB will gradually withdraw the emergency cash injections it has added to the financial system, in order to prevent an acceleration in inflation. "Not all our liquidity measures will be needed to the same extent as...

5Vote!

US dollar rallies; stocks and commodities fall sharply

Filed under: Major movement , International markets , Indices , Market matters , Commodities , Oil , Headline news , Agriculture , S and P 500 , DJIA Wow! What a difference a few hours makes. At the beginning of trading today stocks and commodities were steady. Then as the morning wore on, the US dollar strengthened and it all broke loose. Let's look at the numbers: (as of 1:29 EDT) US dollar December...