Markets rallied after the votes were counted on the stress test and the message was clear: investors aren’t that stressed.
Wall Street took profits last night ahead of the stress test results which came out after the bell. Dow down 100.
Australian jobs data for April surprised on the upside and unemployment fell as a result, supporting economist views the RBA will keep rates on hold for a while.
A surprising jobs report and more leaks of stress test results sent Wall Street onward ever upward last night. Commodities surged. Dow up 100.
Wall Street hung on to Monday’s gains but remains nervous ahead of the stress test results. Dow down 16. (Locked for subscribers until 10:00 AEST)
The RBA has kept the official cash rate unchanged at 3% at its May Board meeting.
The RBA today has left the cash rate unchanged at 3.00%.
The S&P 500 turned positive for 2009 last night as healthy economic data fuelled further optimism. Dow up 200. (Locked for subscribers until 10:00)
Wall Street shook off an ugly GDP and clutched on to the Fed statement last night. Dow up 170.
Wall Street netted out the good news and bad news last night to end up going nowhere.