Banks

Weekly update on recommendation, target price, and earning forecast changes.

Despite a weaker market and weaker credit growth expectations, brokers see a lot of value in Australia’s Big Four banks.

Australian houses will remain unaffordable for many years to come, suggests the AMP.

ATW’s Jerry Simmons reports the outlook for Chinese equities is bullish, which might not be unimportant given Chinese equities have showed the way forward since the GFC hit.

Weekly update on recommendation, target price, and earning forecast changes.

Apparent resolution in Washington and a back-down from the ECB combined with strong US earnings to produce the best day for Wall Street in months. Dow up 202.

Analysts have done their own stress tests on Euro banks and found disturbing results, sending gold up through 1600. Dow down 94.

Wall Street gave up a promising start last night on qualification from the Fed chairman. Dow down 54.

Global markets lost confidence in Italy last night as the European crisis stepped up to a new level. Dow down 151.

Debt issues for Spain and Italy have are not just a factor of possible contagion passing from Greece through Portugal and Ireland. Global market nerves are fraying further.