Bonds/Interest Rates

A surprise improvement in the US jobless rate saw stocks rally early, but a run in the greenback quickly brought the market back to earth. Dow up 22 points.

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

After the RBA’s latest rate hike, economists from ANZ have revisited their expectations and now expect a slower pace from the RBA.

Contraction for the US services sector and weak same-store sales saw initial strength on Wall Street fade before a last minute sell-off. Dow down 86.

Australian retail sales for October were up slightly, reversing the weaker September figure.

It was back to business as usual last night as the US dollar headed south once more. Dow up 126. (Locked for subscribers until 10:00 AEDST)

It was a quick message this month, effectively saying “see November”, before the rise to 3.75%.

The odds were close to 50:50 as far as expectations were concerned this morning, but in the end the RBA stuck to its guns with a rise to 3.75%.

It was a light volume day on Wall Street for the end of the month as Dubai woes eased. Dow up 34.

TD Securities’ monthly gauge indicates November saw a mild pick up in consumer price rises.