Bonds/Interest Rates

A far stronger than expected 2Q capex outcome means a series of rate cuts are now less likely, although a 0.25% cut next week remains on the cards.

TS Gustav is shaping up to be the first true hurricane threat of the season, commanding focus in a lacklustre day’s trading on Wall Street.

The Westpac-Melbourne Institute Leading Index fell again in June, suggesting continuing weakness in the economy and the need for a rate cut soon.

It was another bad night for financials on Wall Street, sending the US dollar down, commodities up, and the Dow down 130.

It all comes down to your interpretation of the word “early”.

In a little over twelve months, life as we know it has changed dramatically. Financial markets are in crisis, the global economy is staring at recession, and now the commodity super-cycle has faltered. What lies ahead?

A report suggesting the US government will indeed need to bail out the terrible twins sent Wall Street scrambling again and the Dow down 180 points.

There’s no point in dreamin’. California is broke, the budget is frozen, and the Governator must be wondering whether he’ll be back…for another term.

A controlled read on wage costs helps the case for future rate cuts, but it’s just the first drop in the bucket.

Australian consumer sentiment rose in August, boosted by lower fuel prices and rate cut hopes.