A strong retail sales result had Wall Street in buying mode last night but the sellers won out in the end. Dow up 9.
Analysis by ATW’s Jerry Simmons suggests time might be ripe for a reversal in direction for the USD.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Bluescope’s guidance downgrade has sparked some major earnings forecast downgrades from analysts but they just can’t get past the stock’s longer term value.
A brief look at important company events and economic data releases next week.
Cisco Systems’ biggest share price drop in sixteen years dragged Wall Street lower as the Irish debt cauldron continues to bubble. Dow down 73.
China’s October CPI jump was the stand-out number amongst an otherwise relatively benign set of monthly data.
Westpac has attempted an extensive global and local economic forecasting exercise out to 2020 with somewhat of a roller coaster implied.
Antipodean Capital’s Craig Ferguson offers his thoughts on what 2011 might bring. Could be a massive rally for equities, but also a come-back for the USD.
Wall Street reversed a sharp opening loss in lockstep with a reversing US dollar last night ahead of the G20. Dow up 9.