Bonds/Interest Rates

As world leaders meet tomorrow to discuss ways of rebalancing the global economy to prevent another GFC, thoughts turn to the Plaza Accord of 1985.

A weak US dollar sent commodity prices higher once more, encouraging buying in stocks. Dow up 51.

Wall Street opened weak ahead of the Fed meeting and G20 later in the week, with tech stocks preventing bigger falls. Dow down 41.

Weekly musings from your editor. The share market closed at a new eleven month high. Time for a broader reflection?

Strong IP numbers sent Wall Street surging to its first triple-digit Dow move in a month – up 108.

While it remains below long-term trend rates the Westpac-Melbourne Institute Leading Index improved further in July, supporting the bank’s view growth will strengthen in 2010.

Bernanke declared the recession over last night, so Wall Street bought it once more. Dow up 56.

The minutes of its September meeting indicate the RBA has many factors to juggle with regard to monetary policy.

The next move in official interest rates in New Zealand will be up.

While there is a host of equally important reads on the health and prospects of an economy, this time around US Employment is at the tops of the list.