Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Ahead of the Herd’s Rick Mills suggests infrastructure programs will support commodities, which should keep junior resource companies on the radar screens of investors.
Wall Street was heading south again last night until the ECB president calmed fears over Greece. Dow down 41. (Locked for subscribers until 10:00 AEDT)
June usually is a tough month for commodities and the US dollar, finds Barclays.
While its share price has risen strongly over the past year Imdex continues to offer value and with earnings risk to the upside Moelis rates the stock a Buy.
US data have been weak of late, but a very weak ADP jobs number and then a later warning from Moody’s over Greece had markets reeling last night. Dow down 279. (Locked for subscribers until 10:00 AEDT)
Germany may agree to delay Greek restructuring – news that boosted Wall Street despite more weak US data. Dow up 128.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street recovered to a positive close after a weak GDP result sparked early selling. Dow up 8.
Commonwealth Bank analysts fear ECB resistance to Greek restructuring will mean more euro weakness ahead of any resolution. Australian stocks are indirectly exposed.