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.
Lower jobless claims helped Wall Street build on Wednesday’s surge as risk appetite continues to return. Dow up 120.
PFP Wealth’s Tim Price looks forward to Europe’s bank stress test and it doesn’t make for a pretty picture. With lots of charts.
A 274 point rally in the Dow may be welcome but not very convincing in many a view.
While corporate earnings in Australia and globally are likely to be revised lower in coming months there still appears to be value in equities at current levels.
Copper prices have been relatively resilient in recent months but positive market fundamentals suggest upside for those with a longer-term view on the market.
Wall Street opened strongly last night, failed, and then kicked at the close. There is now a clear battle between buyers and sellers. Dow up 57.
While investor fears have weighed on oil prices in recent months Barclays Capital notes the demand picture has continued to improve, supporting the group’s view prices are headed higher.
While Wall Street enjoyed a public holiday the rest of the world took the opportunity to take a breather as well. European indices down 0.3% in thin trade.