The Chinese rate rise pushed up the US dollar last night sending stocks down ahead of news the NY Fed is suing BofA. Dow down 165.
A glance through the latest expert views and predictions about commodities with commentary from LME Week, some positive views on for mineral sands and fertiliser prices and revisions to ratings in the energy sector.
A good result from Citi and relief on foreclosures had the banks leading indices higher last night. Dow up 80.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Drilling services provider Imdex reported strong first quarter earnings and brokers covering the stock have been quick to revise forecasts for coming years.
Financial stocks were slapped on Wall Street last night as potentially fraudulent sub-prime activity came back to haunt the majors. Dow down one point in an otherwise resilient market.
Last night’s rally on Wall Street is a hard one to decipher other than it looks like some buying might be coming in. Dow up 75. (Locked for subscribers until 10:00 AEDST)
The Fed minutes went another step to confirming QE2 is due next month, but markets are now finding it tough to get more excited. Dow up 10.
A glance through the latest expert views and predictions about commodities, with soft commodity prices strengthening and an update on the impact of a stronger Oz dollar on oil sector earnings.
It was Columbus Day in the US and nothing happened. Dow up 3.