Mixed data and earnings reports left Wall Street directionless last night. Dow up 5.
ING Investment Management’s latest survey shows Australian investor sentiment is improving, though investors are yet to actually invest more in equities.
The TechWizard believes AUD/USD is poised to reach parity anytime soon now.
The Dow jumped to exceed its April peak last night on home sale data before meeting selling once more. Dow up 31.
The G20 did not achieve anything in the way of a swift end to the Currency War at its meeting, but a surprise shift in IMF voting rights may prove the impetus.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A brief look at important company events and economic data releases next week.
Wall Street attempted another run-up towards the April peak last night but failed before a dollar bounce compounded the pullback. Dow up 38. (Locked for subscribers until 10:00 AEDST)
Wall Street reversed its earlier reaction to the Chinese rate hike last night and savoured several strong earnings reports. Dow up 129.
Having not raised rates since December 2007, yesterday the PboC surprised markets and sent the US dollar crashing up and stocks and commodities crashing down by announcing a 25bps hike.