With Jewish New Year in swing, lack of volume is affecting meaningless movement on Wall Street, although the bond sell-off is hotting up. Dow up 28.
A successful Portuguese bond auction allayed fears last night while the Fed Beige Book told us nothing we didn’t already know. Dow up 46.
Questions over European bank stress tests saw Wall Street sell off last night amidst minimal volume. Dow down 107.
Markets took a breather last night with the US closed for the Labor Day holiday.
A 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 cherry-picked the good news last night from China, Australia and locally to stage a 254 point Dow rally. (Locked for subscribers until 10:00 AEST)
Barclays Capital has analysed seasonal trends for September and found the month tends to be bearish for equities and the US dollar but more positive for gold and energy prices.
The lack of substance in Friday’s rally was shown up last night as Wall Street simply turned around and retraced. Dow down 140.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.