Bonds/Interest Rates

ING Investment Management’s latest survey shows Australian investor sentiment is improving, though investors are yet to actually invest more in equities.

The Dow jumped to exceed its April peak last night on home sale data before meeting selling once more. Dow up 31.

A 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.

Wall Street attempted another run-up towards the April peak last night but failed before a dollar bounce compounded the pullback. Dow up 38. (Locked for subscribers until 10:00 AEDST)

National Australia Bank’s latest quarterly Australian Commercial Property Survey showed some improvement in the market and expectations of further gains over the next 12 months.

Wall Street reversed its earlier reaction to the Chinese rate hike last night and savoured several strong earnings reports. Dow up 129.

Having not raised rates since December 2007, yesterday the PboC surprised markets and sent the US dollar crashing up and stocks and commodities crashing down by announcing a 25bps hike.

CBA’s Business Sales Indicator suggests Australian consumer spending is slowly trending higher, while research by Datamonitor suggests spending habits are changing.

The Chinese rate rise pushed up the US dollar last night sending stocks down ahead of news the NY Fed is suing BofA. Dow down 165.