Bonds/Interest Rates

Antipodean Capital’s Craig Ferguson provides an insight into his current thinking on the outlook for financial markets.

The NYSE needn’t have bothered to open its doors last night, so lacking was the interest. Dow down one point. (Locked for subscribers until 10:00 AEST)

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

The Dow recovered from a 110 point fall on higher jobless claims to close down 58 on low volume.

This week’s banks results have convinced brokers the earnings bounce once expected in FY11 will now be an FY12 story – hopefully.

A snapshot of economist responses to today’s Australian employment data for July, where jobs again increased but the unemployment rate also rose thanks to a higher participation rate.

National Australia Bank’s Australian Commerical Property Survey for the June quarter showed a weakening in conditions and a pushing out of expectations for a turnaround.

Commonwealth Bank economists believe the global economy is recovering as it should from such a significant financial crisis and there is no need to fear a return to recession.

The QE2 remains at port but it will be kept fully supplied. After a wild ride, the Dow closed down 54. (Locked for subscribers until 10:00 AEST)

It would seem the market has been setting itself up for disappointment prior to Tuesday’s FOMC meeting, experts suggest.