2012-05-07
Market Report – 7 May 2012
- Markets open sharply lower after French and Greek voters reject austerity parties
- Euro trades at lowest level since January after European elections
- Aussie dollar at 2012 lows; poor US non-farms on Friday also contributes to losses
- Dow sharply lower after non-farms miss expectations; Dow loses 168 points
- Oil sharply lower, but gold remains steady on QE3 hopes
- Market focus tonight will be on European open and reaction to weekend elections