The Greek prime minister’s insistence on holding a referendum on the latest austerity measures means the plan to save Europe is now up in the air. Dow down 297.
It was that CPI number that did it in the end. The RBA made many Australians winners today with its rate cut, and all those in cash losers.
The RBA today cut its cash rate by 25 basis points to 4.50%.
Barclays Capital’s analysis of monthly seasonal trends shows November historically opens the good season for equities.
MF Global filed for bankruptcy last night due to sovereign debt exposures while markets remain unconvinced about Italy and the BoJ intervenes. Dow down 275.
Anz Banking Group has outlined a number of reasons why this week is likely to be a significant one for global currency markets.
The Aussie dollar looks poised for a major retreat, but equities in the US and China may well have reversed course, reports ATW’s Jerry Simmons.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Global euphoria was unleashed last night on the ratification of at least some details of the Final Solution. Some observers remain sceptical, but Dow up 339.
With risk aversion and intrest rate differentials the main drivers of the AUD/NZD rate, CBA’s view the spread will narrow supports a forecast of 1.2700 for the currency pair.