Base metals soared through chart levels and oil broke US$70 last night as the stock market trod water. Dow down 1 point.
ANZ’s latest survey into job ads in newspapers and on the internet in Australia suggests unemployment figures will continue rising.
National Australia Bank’s latest survey of business conditions and confidence levels showed enough positives for the bank to revise up its Aussie growth forecast for 2009.
As US bond yields continue higher, stocks are struggling to rally. Dow unchanged.
Mixed jobs data confuses investors and tech stocks drag, while a resurgent US Dollar wipes some of the recent gloss off commodities.
The world’s leading bond trader warns of a weak US dollar, inflation, and rising bond yields.
Everything that happened on Wednesday was reversed last night, and some. Dow up 75.
A bounce in the US dollar sent commodity prices tumbling last night. Dow down 65.
That Australia has avoided a “technical” recession for now is cold comfort when one analyses the real picture.
See – it was all just a bad dream. First quarter GDP +0.4%. December quarter revised down from -0.5% to -0.6%.