Following a spate of mixed reports on the US economy, stock prices rallied strongly. The Dow added nearly 200 points, following higher prices in Europe. Britain's FTSE index traded sharply higher, aided by the prospect of a rate drop by the Bank of England.
Oil and bond yields were up modestly, while the dollar slipped slightly. Precious metals were mostly lower; gold was down $9, platinum down $5. Silver finished 5 cents higher and the mining shares were up a bit.
By Benjamin J. Butler
Daegu, South Korea
I have been in South Korea for the whole week. I survived another North Korean missile test and the largest earthquake since the 1970s here! It all sounds rather dramatic (it was for a few moments), but the news media likes to exaggerate these things. On North Korea, I don't subscribe to the view that their leader is totally mad. Not to be trusted, perhaps, ... Log in or subscribe to continue reading.