Bonds/Interest Rates

Australia, New Zealand, Canada, Europe and the UK all make rate decisions this week, while a raft of US data may determine the Fed’s decision for next week.

The US Treasury reveals plans to freeze reset mortgages as the Dow posts up-day number four.

Ben Bernanke suggested that economic data releases between now and December 11 will determine whether the Fed cuts or not.

The Dow did not race up again last night but nor did it race down.

After Abu Dhabi changed the mood on Tuesday, last night the Fed started hinting at a rate cut. Suddenly the market began looking very short – 331 Dow points short.

An Arab capital injection into Citigroup has turned the market on its head. The Dow rallied over 200 points.

The Dow fell 237 points last night to wipe out the illusive, thin air movement on Friday.

A court ruling in Ohio threatens to make the US mortgage crisis much worse than it already is.

Saturday’s election result was not much of a surprise, but what effect will a Labor government have on financial markets?

As the credit crunch reaccelerates, National Bank may find its capital position eroded.