International developments, which basically means China, has led the RBA to reduce its cash rate against consensus expectation.
The RBA today decided to cut its cash rate by 25 basis points to 3.25%.
A surprising turnaround in US manufacturing sent Wall Street flying until Bernanke cooled the mood. Dow up 77. (Accessible only for subscribers before 10:15 AEDT)
Stockbroking analysts focused on this week’s RBA meeting, the future outlook for banks and media companies and rising challenges for that ambitious government budget surplus in the week past.
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.
Jason Jenkins of Investment U believes the lastest round of Fed QE is more likely to line the pockets of US banks than help Joe Average.
Spain’s budget cuts were well received, as was China’s big liquidity injection. Dow up 72. (Accessible only for subscribers before 10:15 AEDT)
Wall Street continues to slip, quietly, as the quarter-end approaches. Dow down 44. (Accessible only for subscribers before 10:15 AEDT)
A profit warning from Caterpillar and riots in Madrid finally tipped Wall Street over last night. Dow down 101. (Accessible only for subscribers before 10:15 AEDT)