Bonds/Interest Rates

No shock that it’s bail-out time for Portugal while carry trades push the Aussie over 1.04. Dow up 32. (Locked for subscribers until 10:00 AEDT)

Euro Pacific Capital’s Michael Pento is surprised by how many people are being fooled by the Federal Reserve.

Inflation concerns and global unrest had gold pushing up into nominal blue sky territory last night as Wall Street again showed a lack of interest. Dow down 6.

Today’s RBA statement accompanying the predictable lack of change to the cash rate is barely changed from last month despite world events.

The AIG-CBA Performance of Services Index declined again in March, highlighting ongoing caution among Australian consumers with respect to the economic outlook.

Brent crude pushed over the US$120/bbl mark last night in a quiet session on Wall Street as we await remarks from Ben Bernanke. Dow up 23.

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

Despite a quiet and slightly down-day on Wall Street, the S&P closed its best March quarter since 1998 with a 5.6% gain. Dow down 30.

Barclays Capital’s analysis of monthly seasonal trends shows April tends to be a good month for global equity markets.

A six-monthly survey by mortgage insurer Genworth Financial has found homebuyers would have become more confident since September if not for the spate of natural disasters.