Wall Street bounced around the flatline last night, balancing economic data and news of a battle in Libya. Dow up 8.
A mixed result for Q4 and weak expectations for Q1 mean economists do not see a rate rise until after mid-year.
Barclays Capital’s analysis of monthly seasonal trends shows March is usually a positive month for equities, as well as for oil and natural gas.
Violent clashes in Iran; troops deployed in Oman; cleric detained in Saudi Arabia; Libyan assets frozen. Oil soars and stocks tumble. Dow down 168.
There have been plenty of ups and downs in recent data but nothing to shift the RBA from its current laissez faire stance.
It was a given, but the RBA today left the cash rate unchanged at 4.75%.
Are investors too early in discounting QE3? Westpac economist Bill Evans is suggesting this might be the case.
Wall Street has shrugged off Libya and turned back to local data in providing a solid month-end. Dow up 95.
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.