A wrap of the day’s activity on the Australian stock market.
A brief look at important company events and economic data releases next week.
A wrap of the day’s activity on the Australian stock market.
Wall Street recovered from a further 100 point Dow fall on earnings fear to close flat as buyers moved in to snap up beaten down names. Dow up 2. (Accessible only for subscribers before 10:15 AEDST)
In the view of CBA there is growing risk the Bank of Japan intervenes to weaken the yen, which could open up some trading opportunities.
A brief look at important company events and economic data releases next week.
Saudi sales and increased US inventories see oil prices fall another four dollars. Dow up 13. (Accessible only for subscribers before 10:15 AEDT)
Spain will not ask for a bailout until it has confirmation of the terms and conditions. Dow down 106. (Accessible only for subscribers before 10:15 AEDT)
BHP has blamed its shale asset write-down on low US gas prices. What lies in store for gas production investment across the globe? (First published August 8)
The St Louis Fed president last night shot down the heightened QE3 expectations emanating from the release of the minutes of the last Fed meeting the night before. Dow down 115. (Accessible only for subscribers before 10:15 AEDT)