This week’s pending GDP data, Fed meeting and jobs numbers are keeping Wall Street quiet for the moment. Dow up 22. (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.
Off-market buy-backs; electricity retailers; high conviction ideas; advertising & media, airlines and consumer spending outlook.
US earnings are failing to excite so far and mixed global economic data contributed to a flat session on Wall Street last night. Dow down 2. (Accessible only for subscribers before 10:15 AEST)
BHP met, or exceeded, production expectations in FY14 and FY15 guidance is strong. Still, many brokers are a little more reserved than the company’s raw numbers suggest.
Wall Street decided that if those Ossies can hit a new high, so can the S&P, which did so last night despite the Dow closing down 26. (Accessible only for subscribers before 10:15 AEST)
Wall Street looked at new highs last night but failed to follow through. Dow up 61. (Accessible only for subscribers before 10:15 AEST)
Reliance Group has increased its investment in Algae.Tec as progress is made on a pilot biofuel plant servicing an Indian oil refinery.
Acquiescence from the Russian separatists prevented Wall Street from a sharp fall last night as nervousness continues over Ukraine tensions. Dow down 48. (Accessible only for subscribers before 10:15 AEST)
Santos delivered June quarter production that benefitted from the start up of PNG LNG but brokers observe more hurdles line up as the focus turns to GLNG.