Brokers spent a good chunk of time last week wrapping the reporting season, gauging the global macro recovery and plotting the impacts of the AUD.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Joining Dow 13k and Nasdaq 3k we saw S&P 1400 last night for the first time since June 2008 as the rally continues. Dow up 56. (Accessible only for subscribers before 10:15 AEDT)
The recently completed Australian earnings season proved a disappointment, and with currency and cost inflation pressures there remains downgrade risk out to FY13.
A strengthening US dollar is having its impact on gold, commodities and bonds as Wall Street debates whether no QE3 is a good or bad thing. Dow up 16. (Accessible only for subscribers before 10:15 AEDT)
New data from the Commonwealth Bank show small exporters are not keen on borrowing in the current AUD environment.
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)
All doesn’t look so well in financial markets post yet another Greek solution, reports Forex.com’s Kathleen Brooks.