Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Forex.com’s Kathleen Brooks describes the world post-Greek debt restructuring: lots of questions, still, and so few solid answers.
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)
Commonwealth Bank economists are optimistic European issues are finally heading down a path of resolution.
Fears of a Greek default eased last night, QE3 talk returned, and a good preliminary jobs number helped Wall Street bounce. Dow up 78. (Accessible only for subscribers before 10:15 AEDT)
Market analysts at FXCM suggest the US dollar index is likely to recoup last year’s losses as the Fed softens its dovish monetary policy tone.
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)
The RBA remains ever watchful, but as today’s policy statement suggests there are no signs of economic calamity on the horizon.
The RBA today left its cash rate at 4.25%.
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)