Banks

Russell Investments’ quarterly survey of fund managers shows defensive assets are still preferred, while rate cuts are considered the most likely catalyst for domestic non-mining growth.

European markets responded well to bank recapitalisation talks while Wall Street kicked on. Dow up 131.

Current weak financial markets have led one broker to cut dividends or warn of dividend cuts to come among Australia’s listed insurance companies.

Late positive news from Europe turned a 250 Dow fall into a 153 point rally on the close.

Global stock market weakness continued last night on the back of Greece’s inability to meet its deficit reduction targets. Dow down 258.

Despite the ongoing Europe-led turmoil, bank analysts remain resolute in their valuations of Australia’s high-yielding big banks.

The Dow gave up a 320 point gain to close up 146 as the bickering begins again in Europe.

Europe’s TARP-style rescue plan began to take shape last night, providing a boost of confidence. Dow up 272.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Abandon all hope ye who enter. Dow down 391.