Wall Street was all over the shop last night as fear fought against “oversold” commentary, particularly regarding the financial sector. Dow down 12. (Accessible only for subscribers before 10:15 AEST)
European banks are faring the worst as rates turn negative following weakness in China and oil. Dow down 177. (Accessible only for subscribers before 10:15 AEST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Retail and energy sector previews; Outdoor media and banking sector outlooks; internet consumer trends; Bell Potter initiates on IVE Group.
The oil price rebound appeared to exhaust itself last night, while weak US data again reduced any possibility of another Fed rate hike. Dow up 79. (Accessible only for subscribers before 10:15 AEST)
An oil price rebound turned Wall Street on a dime last night in a wild session which saw the US dollar tank. Dow up 183. (Accessible only for subscribers before 10:15 AEST)
Another fall in oil and a big fall in US bond rates last night signal a world preparing for a more pronounced global slowdown. Dow down 295. (Accessible only for subscribers before 10:15 AEST)
Metals likely the first to turn up; copper outlook; alumina outlook; seasonal rally in oil; and has peak steel passed?
AWE’s recently-announced sale of its Sugarloaf stake is expected to remove the company’s debt headwind and reduce exposure to the oil price.
Dovish commentary from a Fedhead managed to turn Wall Street around last night despite another plunge in oil prices. Dow down 17. (Accessible only for subscribers before 10:15 AEST)