PFP Wealth’s Tim Price has some questions regarding the obvious disconnect between European politicians and global financial markets.
A glance through the latest expert views and predictions about commodities, with value seen in both industrial metal stocks and Australian steel plays.
Hungary has announced its budget deficit is worse than previously anticipated. A fragile market has been spooked once more.
The Dow closed up only 5 points, but it is still the first two-day winning streak since April. The S&P 500 was up a more definitive 0.4%. All quiet ahead of jobs tonight.
A glance through the latest expert views and predictions about commodities with updates on forecast steel production in 2010, recent coal price settlements and new palladium price forecasts.
Weak manufacturing data, the Israeli attack, hurricane forecasts, and a growing appreciation of the extent of the Gulf oil disaster weighed on markets last night. Dow down 112. (Locked for subscribers until 10:00 AEST)
The RBA was never going to change last month’s rate, but a surge in April retail sales and a plunge in building approvals did surprise economists.
With no UK or US markets last night, attention turned to whether Europe would react to Friday’s after-market Spanish downgrade. It didn’t.
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.