With Greece all but bailed, for the second time, economists have moved down the line to argue about whether we can shortly do it all again with Portugal.
Hardly convincing, but the cheer went up when the Dow managed to close at 13,005 on a 23 point gain. (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.
Forex.com’s Kathleen Brooks explains why complacency and risk appetite can still go hand-in-hand this coming week.
The Dow took another run at 13,000 last night but still couldn’t push through, hanging in at 12,984, up 46. (Accessible only for subscribers before 10:15 AEDT)
Writing for VoxEU, Charles Wyplosz cautions the ECB is taking huge risks in effectively guaranteeing Eurozone government debts.
There’s a sense of “I need a rest” on Wall Street post Greece, while oil and gold move into the frame. Dow down 27. (Accessible only for subscribers before 10:15 AEDT)
FIIG suggests new notes issued by CBA wealth manager Colonial offer a good yield for their low-end risk.
Greece is settled, for now, so attention turns to that rising oil price. Dow up 15. (Accessible only for subscribers before 10:15 AEDT)
The RBA minutes reveal a board content with current settings but with room to move were global factors to dictate further action.