A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Brokers believe Bank of Queensland shows value but also that management’s return on equity target is a big ask in the current environment.
A brief look at important company events and economic data releases next week.
Financial stocks were slapped on Wall Street last night as potentially fraudulent sub-prime activity came back to haunt the majors. Dow down one point in an otherwise resilient market.
Last night’s rally on Wall Street is a hard one to decipher other than it looks like some buying might be coming in. Dow up 75. (Locked for subscribers until 10:00 AEDST)
The Fed minutes went another step to confirming QE2 is due next month, but markets are now finding it tough to get more excited. Dow up 10.
It was Columbus Day in the US and nothing happened. Dow up 3.
Market strategists at Macquarie and UBS suggest investors should continue seeking risk assets, but RBS strategists are less comfortable.
Following the Bank of Japan’s surprise jump into QE2, Danske Bank argues the Bank of England will follow suit tomorrow night. With the Fed also preparing, will it all work?
TD Securities sees no inflation problems in Australia and believes the RBA should “go on holiday” post its possible hike tomorrow.