Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
At its June meeting today, the RBA decided to lower the official cash rate by 25bp to 3.50%.
The Reserve Bank of Australia has at its June meeting today lowered the official cash rate by 25bp to 3.50%
Analysis of monthly seasonal trends for Barclays Capital shows June is the start of a summer struggle for equities, while the US dollar and commodities usually also find the going tougher.
Local broker focus shifted from Europe to more local concerns last week, with banks, insurers, builders and miners coming to the fore.
Whether it be stocks or bonds, valuations can be misleading. PFP’s Tim Price looks at both classes in today’s context.
Wall Street was looking a bit worn out last night ahead of the US long weekend as stocks bungled along unenthusiastically. Dow up 33. (Accessible only for subscribers before 10:15 AEDT)
Wall Street staged a remarkable comeback last night that had the Dow returning from near 200 points down to close almost flat. (Accessible only for subscribers before 10:15 AEDT)
It proved a volatile session on Wall Street as Greek exit fears re-emerged only to be shrugged off. Dow closed flat. (Accessible only for subscribers before 10:15 AEDT)
Wall Street staged a solid comeback last night after a long run of down-days. Dow up 135. (Accessible only for subscribers before 10:15 AEDT)