This week may be looked at in coming months as the time when economic data and fundamental drivers turned decisively in the NZD’s favour, reports Antipodean’s Craig Ferguson.
ANZ strategists see reality about to set in with regard to both US and Emerging Asian market momentum, signaling a dip ahead.
Surging same-store sales diverted attention away from Greece last night allowing Wall Street to recover from negative into positive. Dow up 29.
Australian labour force data for March met market expectations with a 19,600 rise in jobs and unemployment unchanged at 5.3%.
The TechWizard warns risk appetite is about to retreat.
The situation in Greece continues to deteriorate as investors rush US ten-years. Dow down 72.
Wall Street went nowhere last night as markets digested the Fed minutes and a Treasury bond auction went quite well.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Barclays Capital notes Oz equities in particular do well in April and the June quarter, while commodity returns and currency markets offer more mixed returns.
The first quarter ended on a nervous note in the US as jobs forecasts were tested. Volume was poor for an end of quarter session. Dow down 50.