The global downturn has seen US consumers switch from consumption to thrift and Morgan Stanley suggests the trend has further to run.
Westpac has updated its economic outlook for Australia and the other major economies, its numbers suggesting a return to modest growth next year everywhere bar Europe.
Weekly Musings from your editor. I have been trying to determine where the value is on a two year horizon in the share market.
Economic data releases out of China will attract a lot of attention next week given relatively limited releases elsewhere.
The worst of the global downturn has passed and while Australia remains in relatively good shape any recovery here and elsewhere will be slow and fragile, ANZ says.
Inflation is no threat to the US economy at present, according to TD Securities, so the group sees little chance of any interest rate hike for some time.
Weekly musings from your editor. What is really pushing up prices of commodities?
The RBA makes its latest decision on interest rates amid a number of economic data releases as the corporate side of the market takes a backseat leading into result season in August.
Commonwealth Bank has updated its views on the economic outlook for 2010, seeing Australia as a solid relative performer and the Aussie dollar as a beneficiary.
Fannie Mae and Freddie Mac last night rolled out 125% loan-to-value mortgage refinancing.