Australia’s FTA with China includes a yuan trading hub in Sydney while Canada has also just agreed with China to trade in respective currencies. Where does this leave the US dollar?
A brief look at important company events and economic data releases next week.
Oil prices crashed 3% last night as the Saudis continued to confuse markets over just what their production intentions might be. Dow up 40. (Accessible only for subscribers before 10:15 AEST)
US stocks held their ground last night but currencies, bonds, oil and gold all reversed their initial Friday night responses to the US jobs report. Dow up 39. (Accessible only for subscribers before 10:15 AEST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A brief look at important company events and economic data releases next week.
For the 37th time in 2014, the Dow hit a new all-time high last night in rising 69 points. (Accessible only for subscribers before 10:15 AEST)
Wall Street was buoyed last night when it became clear the Republicans now have a majority in both houses. Dow up 100. (Accessible only for subscribers before 10:15 AEST)
Having reached new highs on Friday, Wall Street posted a typically quiet and directionless session last night. Dow down 24. (Accessible only for subscribers before 10:15 AEST)
China’s GDP growth target is about to lose support from the housing market, predicts GaveKal Dragonomics, with far reaching consequences.