As Macquarie raises its Aussie dollar forecast and cuts corporate earnings forecasts as a result, the question is posed as to what is really ensuring the currency’s defiance of gravity.
JP Morgan announced a dividend increase and buyback into an already positive market last night. The Dow has closed above 13k and the Nasdaq above 3k for the first time in history as a combination. Dow up 217.(Accessible only for subscribers before 10:15 AEDT)
All doesn’t look so well in financial markets post yet another Greek solution, reports Forex.com’s Kathleen Brooks.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Forex.com’s Kathleen Brooks describes the world post-Greek debt restructuring: lots of questions, still, and so few solid answers.
A brief look at important company events and economic data releases next week.
The results are still due but the wires suggest the Greek bond restructure should get comfortably over the line. Dow up 70. (Accessible only for subscribers before 10:15 AEDT)
Commonwealth Bank economists are optimistic European issues are finally heading down a path of resolution.
Fears of a Greek default eased last night, QE3 talk returned, and a good preliminary jobs number helped Wall Street bounce. Dow up 78. (Accessible only for subscribers before 10:15 AEDT)
It’s taken a while, but finally Wall Street has found enough reason to stage a decent pullback. Dow down 200. (Accessible only for subscribers before 10:15 AEDT)