Fears of a Greek default eased last night, QE3 talk returned, and a good preliminary jobs number helped Wall Street bounce. Dow up 78. (Accessible only for subscribers before 10:15 AEDT)
It’s taken a while, but finally Wall Street has found enough reason to stage a decent pullback. Dow down 200. (Accessible only for subscribers before 10:15 AEDT)
The RBA remains ever watchful, but as today’s policy statement suggests there are no signs of economic calamity on the horizon.
The RBA today left its cash rate at 4.25%.
Beijing lowered its GDP growth target to 7.5% from the long held 8% last night prompting a bit of a scare on markets. Dow down 14. (Accessible only for subscribers before 10:15 AEDT)
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.
Apparently erroneous reports of a pipeline explosion in Saudi Arabia sent oil soaring, mostly killing off Wall Street’s latest attempt to rally. Dow up 23. (Accessible only for subscribers before 10:15 AEDT)
An unusually large sell order in US bonds had markets in a tail spin last night with a flow-through to gold and currencies.
Bernanke’s scheduled testimony to Congress was relatively upbeat last night, and there was no mention of QE3. The Dow thus retreated 53 and gold plunged nearly US$100. (Accessible only for subscribers before 10:15 AEDT)