Wall Street recovered from a 300 point drop last night as fear began to subside slightly in Europe. Dow down 100. (Locked for subscribers until 10:00 AEDT)
The RBA today acknowledged global uncertainty, but gave no hint of a rate cut being nigh as it remained on hold at 4.75%.
The RBA today elected to keep its cash rate unchanged at 4.75%.
Wall Street may have been closed last night but that didn’t prevent big falls in European markets. Germany down 5%.
Cables obtained by Wikileaks have revealed China’s intentions with regard to gold and the world’s reserve currency.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Forex.com’s Kathlee Brookes has observed divergence between euro and AUD.
Central banks across the globe are looking to to diversify away from the dodgy greenback.
A better than expected PMI result, undermining QE3 hopes, sent Wall Street south last night. Dow down 119.
Barclays Capital has analysed seasonal trends for September.