It was a weak session for US earnings reports, but Wall Street was turned around by economic data and in the background, Spain avoided junk status. Dow up 5. (Accessible only for subscribers before 10:15 AEDST)
More earnings beats, solid economic data, a change of regime at Citigroup and unconfirmed news from Spain all conspired to push Wall Street ever higher. Dow up 127. (Accessible only for subscribers before 10:15 AEDST)
CBA research questions whether gold is truly a safe haven or whether other financial instruments are preferred over the precious metal.
Dun and Bradstreet’s latest Consumer Credit Expectations Survey suggests Australian consumers will be cautious leading into Christmas.
A solid result from Citigroup had Wall Street thinking maybe earnings expectations are too negative. Dow up 95. (Accessible only for subscribers before 10:15 AEDST)
Markets tend to now shrug at more eurozone sovereign credit downgrades, but Citi warns another Spanish downgrade could have serious implications.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A brief look at important company events and economic data releases next week.
Spain is downgraded, putting more pressure on Madrid, while Apple’s influence on US indices continues to be significant. (Accessible only for subscribers before 10:15 AEDST)
Ahead of the Herd’s Rick Mills reports the first shots have been fired by the US Federal Government, with the first legal action launched against Pre-GFC issuers of mortgage-backed securities.