NAB’s Monthly Business Survey for November showed mixed results for Australian business conditions and confidence levels, prompting the bank to trim its growth forecasts.
With no rate rise coming from Beijing the world saw a green light to return to the risk trade, although momentum struggled. Dow up 18. (Locked for subscribers until 10:00 AEDST)
Access Economics has reviewed the Australian retail sector, forecasting a weak Christmas period but some improvement through 2011.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street can’t seem to get any Santa rally traction as Europe overhangs and China might be planning a policy change. Dow down 2.
BTIG Market Strategist Mike O’Rourke explains why equities, not commodities, are the place to be.
The big sell-off in US bonds was the focus last night while markets look out for a Chinese rate rise on the weekend. Dow up 13.
The RBA yesterday left interest rates unchanged and post the meeting economist opionion remains divided as to how many rates hikes are likely for Australia next year.
Wall Street opened stronger on confirmation the Obama Administration had compromised on tax cuts before a late sell-off wiped out the gains. Dow down 3.
The RBA appears happy with its current rate setting not just for now, but for the economic “outlook”.