Democrat senators are set to reject the latest deal put up by the Republicans as the clock ticks towards the debt ceiling deadline. Dow down 133. (Accessible only for subscribers before 10:15 AEST)
The US government has just approved a fourth LNG export facility while Canada has begun to ramp up its export aspirations, backed by vast natural gas reserves, just as new Australian projects approach completion.
Wall Street is quietly confident a meeting this morning between the president and Congressional leaders will at least result in an extension. Dow up 64. (Accessible only for subscribers before 10:15 AEDST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Macquarie previews upcoming AGMs, online ads gain on print, electricity market looks less intense and mobile drags on telco earnings.
Wall Street bounced hard on anticipation of a debt extension agreement in Washington. Dow up 323. (Accessible only for subscribers before 10:15 AEST)
The confirmation of Janet Yellen’s appointment as Fed chair provided some respite from the shutdown/ceiling debacle last night. Dow up 26. (Accessible only for subscribers before 10:15 AEST)
September was a volatile month for commodities, particularly energy, and NAB analysts look at where prices may be heading.
Another day of shutdown, another fall on Wall Street. Dow down 159. (Accessible only for subscribers before 10:15 AEDST)
Michael Gable of Fairmont Equities suggests Santos is ready to pull back after a solid run, offering up an attractive buying opportunity.