Bonds/Interest Rates

Wall Street again turned a drop into a rally last night helped by Uncle Ben not ruling out QE3. Dow up 33. (Accessible only for subscribers before 10:15 AEDT)

Economists were surprised today when the RBA decided not to make a third consecutive rate cut, leaving the cash rate at 4.25%.

The RBA today decided to keep its cash rate steady at 4.25%.

Austerity package resolution is “close” in Athens as is the separate issue of debt resolution as the world again watches and waits in frustration. Dow down 17. (Accessible only for subscribers before 10:15 AEDT)

While the economy appears to be recovering from recession ANZ argues the current account deficit in the US will prevent the greenback from gaining much ground.

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

Peter Switzer of the Switzer Super Report provides his view on next week’s RBA decision and the likely response from the banks.

A brief look at important company events and economic data releases next week.

Positive global manufacturing data had Wall on a run last night as the clock still ticks in Athens. Dow up 83. (Accessible only for subscribers before 10:15 AEDT)

Barclays Capital has analysed seasonal trends for February and found emerging markets are usually the best equity performers with aluminium the best among commodities.