Wall Street was reluctant to cast its pearls last night in a quiet and uncertain session. Dow down 50.
As Western economies struggle with the GFC, China is emerging to challenge US hegemony faster than even China may have thought possible.
More ups and downs, but this time with an up on the close. Dow up 70.
Underlying inflation remains uncomfortably high as the CPI indicates. No rate cut?
The minutes of the RBA’s April rate decision meeting show declining inflation has allowed scope for easing.
Wall Street woke up from its dream last night as bank stocks took a dive. Dow down 290.
A weak PPI may mean lower rates but could it also forewarn of deflation?
Stocks shrugged off a mixed morning, lifting on better than expected consumer sentiment and sound, if not solid, corporate reporting.
In the view of Standard Chartered the latest fiscal stimulus package announced in Japan shuold boost growth but it will require an easing in monetary policy by the BoJ to be most effective.
Wall Street fell last night on the back of lower retail sales figures which were expected to be higher. Dow down 137. (Locked for subscribers until 10:00 AEST)