The RBA today left its cash rate at 4.75%.
Barclays Capital has analysed seasonal trends for August and notes equities, energy and bonds tend to perform well, base metals struggle and the US dollar is mixed.
Forget the debt ceiling – global manufacturing PMIs tell a sorry tale. Dow down 10.
While the US dollar has opened stronger today on reports of a US debt ceiling agreement, CBA doesn’t see any relief rally as sustained and so suggests selling the greenback into strength.
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.
Westpac says down, ANZ says up. Who’s right?
A failed rally last night suggests Wall Street is positioning with caution ahead of the deadline. Dow down 62.
PFP Wealth Management’s Tim Price suggests the poor growth outlook for Europe and growing global debt issues mean investors must consider additional uncertainties when assessing investment options.
More selling saw the S&P 500 breach it’s 50-day MA last night, sparking a lot more selling. Dow down 198.