Bonds/Interest Rates

ATW’s Jerry Simmons explains US equities are not by definition doomed, even though US Treasuries continue pointing into the direction of an ongoing correction for US equities.

National Australia Bank’s Monthly Business Survey for May showed a further softening in the economy, leading to the bank trimming its GDP growth forecast for the full year.

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

Wall Street broke a six-day losing streak last night with a tempered bounce following positive trade data. Dow up 75.

The Australian Institute of Management’s National Salary Survey showed a skilled shortage is generating increasing wage pressures, forcing companies to become more flexible.

OPEC failed to agree on a quota last night while Wall Street struggles to find impetus. Dow down 21.

PFP Wealth’s Tim Price discusses government debt levels and the potential for a sequence of debt market dominoes to be sent tumbling.

Ben Bernanke quashed any expectations of QE3 in the near future last night, sending Wall Street plunging from its initial rally. Dow down 19.

Not only did the RBA not raise today, the language has become less hawkish.

The RBA today decided not to lift its cash rate from 4.75%.