Upcoming maturities in the Uridashi bond market could impact on the Australian dollar in relation to both the yen and the New Zealand dollar according to CBA.
A sharp drop in US housing starts took any upside wind out of Wall Street’s sails last night. Dow down 11.
Wall Street shot into new blue sky last night on retail sales and some subtle words from the Fed. Dow up 136. (Locked for subscribers until 10:00 AEDST)
China has made a strong start to the fourth quarter, with many number surpassing pre-GFC levels, but monetary policy is still a major question.
Stocks advance on a little upbeat retail news and hope that the recovery is gaining momentum. Dow up 0.7%.
A stronger dollar and weaker oil gave Wall Street a reason to sell in a low volume session. Dow down 93.
Australian labour market figures for Otober were stronger than the market had expected and suggest a further 0.25% hike in the cash rate is likely when the RBA meets next month.
The S&P closed at a new high – just – in a day of thin volume and questionable conviction. Dow up 44.
The Dow was slightly higher last night but the S&P wasn’t, again failing to mark a new high.
As investors embrace the carry trade opportunities provided by the Fed and the G20, the Dow breaks into new territory, up 203. (Locked for subscribers until 10:00 AEDST)