Bonds/Interest Rates

A surprise jump in factory orders had Wall Street in a feel-good mood ahead of tonight’s Fourth of July holiday. Dow up 72. (Accessible only for subscribers before 10:15 AEDT)

With Australia’s economy growing faster than the RBA had assumed, the board decided the cuts to now are sufficient.

The RBA has elected not to further cut its cash rate this month below the current 3.5%.

Undersupply does not imply rising house prices, economists argue, with price growth likely to slip back to more modest averages.

Weak US manufacturing data took the shine off the earlier EU summit rally last night, although it does bode well for QE3. Dow down 8. (Accessible only for subscribers before 10:15 AEDT)

Last week’s trawl of local brokers see us take a closer look at Australian households and the housing market, mining tax impacts, insurers and lower RBA rates, the ad sector and US consumers.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

Wall Street didn’t like that Obamacare was upheld and couldn’t see any progress in Brussels until a late report turned around an otherwise steep loss. Dow down 24. (Accessible only for subscribers before 10:15 AEDT)

Tonight’s EU summit already looks like being a stand-off, but it would not be advisable to go in short all the same. Dow up 92. (Accessible only for subscribers before 10:15 AEDT)

Wall Street stumbled along on local data news last night with the upcoming EU summit keeping traders poised. Dow up 32. (Accessible only for subscribers before 10:15 AEDT)