As Macquarie raises its Aussie dollar forecast and cuts corporate earnings forecasts as a result, the question is posed as to what is really ensuring the currency’s defiance of gravity.
JP Morgan announced a dividend increase and buyback into an already positive market last night. The Dow has closed above 13k and the Nasdaq above 3k for the first time in history as a combination. Dow up 217.(Accessible only for subscribers before 10:15 AEDT)
Wall Street is getting that light-headed feeling again with the Dow once more approaching 13k. Another top ahead or can we bust through this time? Dow up 37. (Accessible only for subscribers before 10:15 AEDT)
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.
The results are still due but the wires suggest the Greek bond restructure should get comfortably over the line. Dow up 70. (Accessible only for subscribers before 10:15 AEDT)
A glance through the latest expert views and predictions about commodities with reasons why positives for precious metals remain intact, oil and industrial metals markets and Iluka still a Buy despite a weaker zircon outlook.
It’s taken a while, but finally Wall Street has found enough reason to stage a decent pullback. Dow down 200. (Accessible only for subscribers before 10:15 AEDT)
Beijing lowered its GDP growth target to 7.5% from the long held 8% last night prompting a bit of a scare on markets. Dow down 14. (Accessible only for subscribers before 10:15 AEDT)
A glance through the latest expert views and predictions about commodities with analysis of geopolitical risk and supply and demand issues in various markets and revisions to price forecasts.