The Chartist reports China’s Shanghai Index is setting itself up for a solid 2014 after a long retreat. But conviction is now required.
The major US indices touched psychological resistance levels last night before turning tail. Dow up 13. (Accessible only for subscribers before 10:15 AEDST)
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.
Bridge Street took an overdue dive yesterday, but last night wall Street anticipated a positive testimony from the Fed chair nominee. Dow up 70. (Accessible only for subscribers before 10:15 AEST)
A brief look at important company events and economic data releases next week.
Analysts look at Australian household savings, TV ad budgets and housing recovery. Also in view are Chinese reform proposals and subdued US economic growth.
Chinese hard landing fears have diminished, and while China has consolidated at a less runaway growth rate the Asian zone economy in general is broadening and exports to Europe are no longer falling. But beware the Fed.
Wall Street continued its grind higher last night, with little reason to expect anything different. Dow up 128. (Accessible only for subscribers before 10:15 AEST)
Wall Street again showed last night it just doesn’t want to go down in any meaningful way, recovering from a sharp fall. Dow down 20. (Accessible only for subscribers before 10:15 AEST)