Bonds/Interest Rates

A brief look at important company events and economic data releases next week.

Wall Street staged a mid-session turnaround from its depths last night as a successful Spanish bond auction sparked short-covering and a big sell-off in gold. Dow down 41.

A snapshot of economist responses to today’s as expected Australian retail sales and weaker than expected building approvals data for May.

If history repeats itself, Australian equities, copper, oil and silver should all perform well in July.

Wall Street held steady all session until 3pm when a massive programmed sell order ensured a technical break-down. Dow down 96.

Low leading indicator and confidence readings in China and the US broke the dam of building disquiet last night sending risk assets tumbling. Dow down 268.

Commentators suggest Fed board members are currently arguing over whether or not to reintroduce massive monetary stimulus to a flagging US economy to re-stimulate growth.

Wall Street meandered on thin volume last night as investors search for a reason to move either way. Dow down 5.

Danske Bank argues that tighter budgets in Europe will be offset by accompanying positive influences. There is no need to panic.

Online trading service provider GFT sent prized asset Kathy Lien into a meeting with journalists this week to update Australian investors on financial matters.