Foreign investment in Aussie bonds has been cited as the reason why the AUD has remained elevated despite lower commodity prices, but ANZ has found this is not true at all.
A profit warning from Caterpillar and riots in Madrid finally tipped Wall Street over last night. Dow down 101. (Accessible only for subscribers before 10:15 AEDT)
This week ATW’s Jerry Simmons examines US equities and sees scope for a not unusual solar-based movement. Energy, softs, currencies and US bonds are also considered.
Global markets are ready to do something, but they’re just not sure what. Dow down 20. (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.
The latest surveys by Barclays and Merrill Lynch show investor confidence is improving, with equities and commodities among preferred asset classes and Europe becoming less of an issue.
Mixed PMI estimates across the globe led to another limbo night on Wall Street ahead of…um…what? Dow up 18. (Accessible only for subscribers before 10:15 AEDT)
Saudi sales and increased US inventories see oil prices fall another four dollars. Dow up 13. (Accessible only for subscribers before 10:15 AEDT)
Market analysts at FXCM note the S&P 500 is trading near a possible reversal point, while the oil price has fallen through a previous support level. Gold and currencies also examined.
Geopolitical tensions have investors hesitating, but until Spain asks for a bail-out, the ECB remains on the sidelines and QE3 is offset. Dow up 11. (Accessible only for subscribers before 10:15 AEDT)