Bonds/Interest Rates

Wall Street followed drops in Asia yesterday and Europe last night on the back of the big Chinese fall. Dow down 186.

Stocks suffer after weak US consumer sentiment casts doubt on the strength and timing of any US economic recovery.

A solid GDP result from the EU sent the greenback tumbling and commodity prices soaring. Dow up 36.

Strong late-season earnings reports spun Wall Street on a dime last night ahead of the Fed statement. Dow up 120.

The Westpac-Melbourne Institute Index of Consumer Sentiment rose again in August, suggesting consumers are increasingly of the view the worst of the downturn has now passed.

Wall Street posted its biggest fall in five weeks last night, led by financials. Dow down 96. (Locked for subscribers until 10:00 AEST)

The NAB business confidence measure edged up this month to consolidate last month’s gains and to approach historical norms.

With no economic data and the earnings season winding down, Wall Street took profits last night following Friday’s surge. Dow down 32.

June housing finance commitments rose by 1.1% in June, but that was less than expected. The RBA should be pleased.

Another choppy session, another recovery from the lows. Dow down 24.