Commonwealth Research does not believe Australia will hike again this week, and that many other countries will be looking to go on hold.
The fall in the oil price has halted and gold has rallied strongly as the UN deadline for ceasing Iran’s uranium program passed without result.
GPG’s earnings fell short of expectations, but brokers continue to recommend the stock as the track record of value creation makes earnings performance somewhat irrelevant.
Weekly musings from your editor.
The minutes of the August Fed meeting provided some positive stimulus last night as the oil price slipped yet again.
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Weekly musings from your editor.
Iran has no interest in ceasing uranium enrichment. After a minor distraction in the Holy Land, it’s game on once more.
A second big rally on Wall Street last night was triggered by a benign CPI increase, following from a similar PPI figure on Tuesday.