The Fed minutes went another step to confirming QE2 is due next month, but markets are now finding it tough to get more excited. Dow up 10.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Westpac and Goldman Sachs have lifted Aussie dollar forecasts above parity with the USD.
A brief look at important company events and economic data releases next week.
Wall Street opened stronger before a big square-up occurred in all markets ahead of tonight’s jobs numbers and their QE2 implications. Dow down 19.
Another big read on jobs growth puts an RBA rate hike right back on the agenda.
Wall Street shook off a weak private sector jobs report to close flat on heightened QE2 anticipation. Dow up 22. (Locked for subscribers until 10:00 AEDST)
Following the Bank of Japan’s surprise jump into QE2, Danske Bank argues the Bank of England will follow suit tomorrow night. With the Fed also preparing, will it all work?
The Australian dollar was sold off when the Reserve Bank of Australia held interest rates steady yesterday but Commonwealth Bank still expects parity against the greenback in coming months.
The Bank of Japan moved yesterday to introduce widespread QE measures, prompting Wall Street to contemplate what other central bank might do the same. Dow up 193.