Joining Dow 13k and Nasdaq 3k we saw S&P 1400 last night for the first time since June 2008 as the rally continues. Dow up 56. (Accessible only for subscribers before 10:15 AEDT)
A strengthening US dollar is having its impact on gold, commodities and bonds as Wall Street debates whether no QE3 is a good or bad thing. Dow up 16. (Accessible only for subscribers before 10:15 AEDT)
As Macquarie raises its Aussie dollar forecast and cuts corporate earnings forecasts as a result, the question is posed as to what is really ensuring the currency’s defiance of gravity.
JP Morgan announced a dividend increase and buyback into an already positive market last night. The Dow has closed above 13k and the Nasdaq above 3k for the first time in history as a combination. Dow up 217.(Accessible only for subscribers before 10:15 AEDT)
National Australia Bank’s Monthly Business Survey for February showed an improvement in conditions but a fall in confidence, leading to minor changes to growth expectations.
Wall Street is getting that light-headed feeling again with the Dow once more approaching 13k. Another top ahead or can we bust through this time? Dow up 37. (Accessible only for subscribers before 10:15 AEDT)
All doesn’t look so well in financial markets post yet another Greek solution, reports Forex.com’s Kathleen Brooks.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
The results are still due but the wires suggest the Greek bond restructure should get comfortably over the line. Dow up 70. (Accessible only for subscribers before 10:15 AEDT)
Commonwealth Bank economists are optimistic European issues are finally heading down a path of resolution.