Westpac’s Australian consumer confidence index has tipped over, Germany’s confidence has plunged, and the US consumer is none too enthusiastic either.
There was a brief moment in the sun on offshore markets last night before Germany moved the goal posts and the euro sank once more. Dow down 114.
Monetary policy is well placed for the present, says the RBA.
The euro fell to near US$1.22 last night before rebounding back to near $1.24. The Dow fell 180 points but closed up 5. Yet commodities were absolutely trashed. (Locked for subscribers until 10:00 AEST)
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.
Strength on European markets belied an ever weakening euro while Wall Street struggled to justify further gains before losing its bottle in the last hour. Dow down 113. (Locked for subscribers until 10:00 AEST)
Wall Street was heartened by economic data and pushed indices back above the collapse level of last week. Dow up 148.
Dennis Gartman shares his thoughts on the plight of the euro and the subsequent effect on gold.
Wall Street rode an uneasy rollercoaster last night but it was up and only up for gold, to a new record high. Dow down 36.