It appears global markets may have woken up to the realisation the risk trade has run just too far ahead of global economic reality. Dow down 138. (Accessible only for subscribers before 10:15 AEST)
A brief look at important company events and economic data releases next week.
There has been much talk of a recovering global economy. Economists discuss the realities of the outlook from here.
As Cyprus leaves the spotlight, observers agree that it’s only a matter of time before Slovenia becomes the next domino.
Forex.com’s Kathleen Brooks oversees this week’s actions from central bankers around the world.
The yen crashed 3% last night on announced stimulus, while Wall Street put on a brave face against more weak data. Dow up 55. (Accessible only for subscribers before 10:15 AEDST)
Weak US data, an unnerving comment from a Fed president and a sudden appreciation of North Korean bellicosity sent Wall Street rushing for the exits last night. Dow down 111. (Accessible only for subscribers before 10:15 AEDST)
Wall Street doesn’t much care about North Korea, or Europe for that matter. Dow up 89. (Accessible only for subscribers before 10:15 AEDST)
A brief look at important company events and economic data releases next week.
The world was reminded last night Italy still has no government, while Cyprus has moved to limit money transfers ahead of bank re-openings. Dow down 37. (Accessible only for subscribers before 10:15 AEDST)