National Australia Bank’s Quarterly Business Survey showed further gains in business conditions and confidence levels in Australia.
The Dow swung from 100 up to 100 down last night as the US dollar bounced hard from its lows.(Locked for subscribers until 10:00 AEDST)
A broad-based sell-off wiped off yesterday’s gains that in turn had wiped off Wednesday’s losses. Dow down 109.
Several positive earnings reports swung Wall Street back into buy-mode last night. Dow up 130.
An unconvincing rally ended in a late plunge last night as a selling wave hit. Dow down 92.
A weak housing number snapped Wall Street out of buy-mode last night. Dow down 50.
Apple’s late result will boost an already strong Wall Street. Dow up 96.
The Dow was back below 10,000, with disappointing numbers from BoA and GE overshadowing strong results from some big techs.
FX analysts from Danske Markets have some serious reservations about the recovery of the US dollar.
The gold price is not enjoying any support from the Indian gift season.