BT Three Minute Markets Update

We'll open up after a good session, particularly in the US, despite opening flat: DAX +0.3%, S&P +0.7%, Dow +0.8% - Not due to durable good up but core goods orders fell sharply. Rise due to Bernanke's letter supporting further action to support the economy.

We'll fall -0.5% at the open as markets were generally down except for the UK: DAX -1%, S&P -0.8%, Dow -0.9% - James Bullard, president to the Fed Reserve in St.Louis, suggested the FOMC minutes were 'dated' and the market too that badly.

We may start slightly up with the US down most of the day due to Europe's weakness then rose late due to the FOMC minutes: FTSE -1.4%, DAX -1% - for no real reason; S&P flat, Dow slightly up.

We'll be flat today after a twisted night, Europe up and US down - FTSE +0.6%, DAX +0.8, S&P -0.3%, Dow -0.5% - S&P reached its highest point since May 2008 but fell with concerns about the Fed's fiscal policy.

We'll get the RBA minutes today but elsewhere it's Groundhog Day - nothing happened AGAIN! - FTSE -0.5%, DAX -0.1%, S&P and Dow flat.

We may start stronger this morning after a quiet day on Friday with no news - FTSE +0.3%, DAX +0.6% (15% and 26% for the year), S&P and Dow +0.2%.

A positive night, the only significant movement all week - FTSE flat, DAX +0.7%, S&P +0.7%, Dow +0.6% - due to to Angela Merkel's comments in support of the Euro.

It was another fairly quiet night. In Europe the FTSE fell by 0.5% and the German market was down by 0.4%. In the US, the Dow was down by 0.1%. To even things up nicely the S&P 500 stock index was up by 0.1%. The Australian dollar is around US$1.05.

A quiet session on Friday to end a week with no major data announcements, except for Chinese exports being lower than expected. FTSE -0.1%, DAX -0.3; the US opened down then clawed back: S&P +0.2%, Dow +0.3%.

Another quiet night with the upward trend continuing over the week: FTSE +0.1%, DAX flat, S&P flat Dow -0.1%.

Despite weak European data, not a lot happened: FTSE +0.1%, DAX flat, S&P and Dow +0.1%; so no guidance for our market.

Futures suggest we'll open +0.4% after a decent session - FTSE +0.6%, DAX +0.7%, Dow +0.4%, S&P +0.5% (above 1400 points for the first time in 3 months). Everyone is anticipating action from the central banks.

We'll be +0.3% at the opening, AUD=USD1.05 after a positive night, but not all it could have been: FTSE +0.4%, DAX +0.8%, Dow and S&P ended +0.2% after being higher during the day.

It was another negative session unfortunately. In Europe the FTSE fell by 0.9%, the German market fell by 2.2% and in the US the Dow fell by 0.7% and the S&P by 0.8%. And incidentally that leaves our Futures Market poised for a fall of about 0.7% at the opening this morning, which is of course not good news.

The FTSE rose by 1.4%. The German market was done by 0.3%. There was a nice symmetry in the US because the S&P and the Dow were also down by 0.3%. The US market had been up until the 2:30 announcement from the Fed and finished in negative territory.