The rising stock market and rising US dollar are feeding on each other to maintain the momentum on Wall Street. Dow up 123. (Accessible only for subscribers before 10:15 AEST)
A number of brokers have taken a look at Infrastructure and Utilities stocks over the past few weeks in a move to guide their customers to yield.
The timing of a Fed exit is the new hot topic on Wall Street, yet stocks closed flat last night. Dow down 26. (Accessible only for subscribers before 10:15 AEST)
This week ATW’s Jerry Simmons examines US bond rates and sees an upside break-out, along with weakness building in the euro and a downward trend for gold.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Commodity prices remain weak and base metal surpluses are expected, while a resilient oil price puts the spotlight on mid cap oil stocks.
No one’s entirely sure why, but last night the US dollar exploded through 100 yen and sent all other currencies, including the Aussie, tumbling. Dow down 22. (Accessible only for subscribers before 10:15 AEST)
Wall Street opened lower but traded higher last night while yesterday’s Chinese trade data have drawn scepticism. (Accessible only for subscribers before 10:15 AEST)
The Dow closed above 15,000 for the first time ever last night on an 87 point gain, while the RBA rate cut was the talk of the town. (Accessible only for subscribers before 10:15 AEST)
Karoon has discovered oil at the Bilby prospect, making it a successful number two out of three wells drilled in Brazil’s Santos Basin.