Questions over European bank stress tests saw Wall Street sell off last night amidst minimal volume. Dow down 107.
Local retailers beware. We’re all about to start buying cheaper goods from on-line sites because our currency is overvalued, according to CommSec. Or is it?
The TechWizard reports EUR/AUD is once again trading at a crucial technical level.
Markets took a breather last night with the US closed for the Labor Day holiday.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
More positive data last night has Wall Street primed for good news tonight on the jobs front, as a late rally suggests. Dow up 50.
Wall Street cherry-picked the good news last night from China, Australia and locally to stage a 254 point Dow rally. (Locked for subscribers until 10:00 AEST)
Barclays Capital has analysed seasonal trends for September and found the month tends to be bearish for equities and the US dollar but more positive for gold and energy prices.
Wall Street closed flat last night ahead of important data this week, with Dow 10,000 still the line in the sand.
The lack of substance in Friday’s rally was shown up last night as Wall Street simply turned around and retraced. Dow down 140.