The Fed removed “patient” but countered by downgrading its US economic outlook based on the data, sending global markets into a frenzy last night. Dow up 227. (Accessible only for subscribers before 10:15 AEST)
Brokers believe BHP’s South32 spin-off will result in a win-win, with both companies offering attractive yields post demerger synergies.
Wall Street pulled back last night as it awaits tonight’s Fed statement and press conference. Dow down 128. (Accessible only for subscribers before 10:15 AEST)
West Texas crude hit a new six-year low last night but Wall Street surged ahead of this week’s Fed meeting. Dow up 228. (Accessible only for subscribers before 10:15 AEST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Surprisingly weak US retail sales numbers saw Wall Street about-face on Fed rate rise fears last night. Dow up 259. (Accessible only for subscribers before 10:15 AEST)
As the greenback continues to soar, Wall Street worries about Fed policy. Dow down 25. (Accessible only for subscribers before 10:15 AEST)
The collapsing euro is responsible for a soaring US dollar and subsequent downgrades to US earnings forecasts, Fed policy notwithstanding. Dow down 332. (Accessible only for subscribers before 10:15 AEST)
Awaiting potash contracts; iron ore pain continues; copper expansion grows in importance; gold weakness ahead; and aluminium more balanced.
On the sixth anniversary of the US bull market, talk is again of the overdue correction. Dow up 138. (Accessible only for subscribers before 10:15 AEST)