Morgan Stanley is forecasting a 10% drop in UK house prices and subsequent impact on UK bank earnings, leaving National Bank exposed.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A brief look at important company events and economic data releases next week.
Wall Street was heading south again last night until the ECB president calmed fears over Greece. Dow down 41. (Locked for subscribers until 10:00 AEDT)
June usually is a tough month for commodities and the US dollar, finds Barclays.
What impact will Germany’s announced nuclear energy phase-out have on the uranium market?
US data have been weak of late, but a very weak ADP jobs number and then a later warning from Moody’s over Greece had markets reeling last night. Dow down 279. (Locked for subscribers until 10:00 AEDT)
Germany may agree to delay Greek restructuring – news that boosted Wall Street despite more weak US data. Dow up 128.
On a quiet night across the globe with New York and London shut, newspapers speculated on the latest in the Greek tragedy.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.