The ECB managed only to exacerbate fears last night amidst heavy selling while disparate US electronic stock platforms conspired to cause a big error. Dow down 347, having been down 1000 for a blink. (Locked for subscribers until 10:00 AEST)
A snapshot of economist responses to today’s Australian retail sales data for March, which rose but by less than the market had expected.
Talk about AUD/USD parity has evaporated from the market place, with the AUD now facing tough headwinds.
Greek protest riots turned fatal last night as the euro took another hit. Wall Street closed off its lows with the support of private jobs data. Dow down 58.
European markets gave the Greek rescue a vote of no confidence last night sparking a huge flight to quality and sending stocks and commodities tumbling. Dow down 225.
Strong manufacturing numbers in Australia, Europe and the US helped turn markets around as the Greek plan fails to allay fears. Dow up 143.
Barclays Capital’s review of seasonal trends shows May tends to be a positive month for equities, energy and precious metals.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
The USD seems on the cusp of entering new trends against major FX counterparts, report analysts at Barclays Capital.
A brief look at important company events and economic data releases next week.