Bonds/Interest Rates

A shock fall in new homes sales added fuel to the correctional fire last night, sending the S&P below 1050. Dow down 119.

Higher CPI data increase means the question for the RBA is not whether rates should go up or not, but by how much next week.

Dow up a bit, S&P down a bit, Nasdaq down a lot. Wall Street is grappling with mixed signals.

National Australia Bank’s Quarterly Business Survey showed further gains in business conditions and confidence levels in Australia.

The Dow swung from 100 up to 100 down last night as the US dollar bounced hard from its lows.(Locked for subscribers until 10:00 AEDST)

Producer price inflation in the September quarter in Australia rose by less than economists had expected but the composition of the number means little changes to forecasts for this week’s CPI data.

The Reserve Bank of New Zealand is expected to leave rates unchanged this week but quietly change its tune.

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

Several positive earnings reports swung Wall Street back into buy-mode last night. Dow up 130.

Brazil has acted to stem the rise of its currency, as European finance ministers meet to discuss equivalent problems with the euro. A bounce in the US dollar would have a material effect on stock prices.