It was that CPI number that did it in the end. The RBA made many Australians winners today with its rate cut, and all those in cash losers.
The RBA today cut its cash rate by 25 basis points to 4.50%.
Barclays Capital’s analysis of monthly seasonal trends shows November historically opens the good season for equities.
MF Global filed for bankruptcy last night due to sovereign debt exposures while markets remain unconvinced about Italy and the BoJ intervenes. Dow down 275.
Anz Banking Group has outlined a number of reasons why this week is likely to be a significant one for global currency markets.
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.
Global euphoria was unleashed last night on the ratification of at least some details of the Final Solution. Some observers remain sceptical, but Dow up 339.
Plenty of speculation but nothing new out of Europe yet. Wall Street bounced around regardless. Dow up 161.
A cancellation of tonight’s finance ministers meeting has forced a delay in final ratification for the European solution and some weak US data added to the mood. Dow down 205.