Dow Jones

US and Asian markets retreated overnight as optimism over the Spanish bailout fizzled out, to be replaced once again by contagion fears.

Asian stocks rose overnight after Australia's central bank cut interest rates to 3.5%, providing a boost for investors.

Gold slid over 6% last month, making it the biggest May loss for the precious metal since a near 10% fall in 1982.

European equities have fallen sharply this morning as the rate of Spain's manufacturing contraction increased and soaring eurozone unemployment worried investors.

US stocks saw their first weekly gain since April as Greek election polls revealed support for pro-bailout parties and data showed the American housing market is stabilizing.

Markets across Europe set new lows for 2012 yesterday after countries were told by Brussels to prepare contingency plans for a Greek exit.

Stocks on Wall Street rallied on strong industrial production figures today, despite renewed fears over a potential Greek exit from the euro.

Markets across Europe suffered more losses this afternoon after Greece reportedly confirmed it has failed to form a coalition government.

BNP Paribas analyst Philippe Gijsels has suggested inflationary monetary policy could mean the next bull market sees the Dow Jones Industrial Average hit 100,000.

Former Federal Reserve Chairman Alan Greenspan has labelled US equities as ‘very cheap', despite the Dow Jones closing at a four year high last night.