Bonds/Interest Rates

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

In what seems like a delayed reaction, Wall Street took a tumble last night as fears of a fresh global slowdown grew. Dow down 145.

The latest Westpac-ACCI Survey of Industrial Trends has delivered some mixed data, with price pressures rising but growth still above trend.

Despite Tuesday’s technical break-down, Wall Street managed to hold up last night in the face of very weak housing data and a more sober outlook from the Fed. Dow up 4.

Q3 is shaping up as a highly volatile quarter dominated by economic data and government decisions, argue Gain Capital’s Brian Dolan and Jane Foley.

A weak US housing number added to a growing renewal of general concern last night as the S&P500 fell through its 200-day moving average amidst weak volume. Dow down 148. (Locked for subscribers until 10:00 AEST)

According to CommSec the latest Australian jobs growth data showed the mining, construction and transport sectors have returned as the primary drivers of the Australian economy.

Westpac economist Matthew Hassan sees signs house prices in Australia are due for a breather following some hefty gains over the past six months.

Westpac-MI leading index retreated in April, admittedly from a very high level.

BIS Shrapnel forecasts modest growth only for Australian property prices as a lack of affordability and higher interest rates will limit gains.