The US dollar bounce continued last night as a credit downgrade for Greece invoked echoes of Dubai. Dow down 111. (Locked for subscribers until 10:00 AEDST)
A surprise improvement in the US jobless rate saw stocks rally early, but a run in the greenback quickly brought the market back to earth. Dow up 22 points.
A brief look at important company events and economic data releases next week.
Contraction for the US services sector and weak same-store sales saw initial strength on Wall Street fade before a last minute sell-off. Dow down 86.
The stock market attracted little interest last night but gold was in focus, setting a new record despite a stronger greenback. Dow down 19.
Celebrated GFC predictor Nouriel Roubini provides ten reasons why the global economy will recover in a ‘U’.
Forget Chinese economic growth. Currency imbalance means China is also potentially dragging the world back into crisis.
Clean Seas will be attempting to follow its May success with a spawning attempt next month.
Noted bear SocGen has told clients to prepare for a possible global collapse over the next two years.
The GFC has not made life easy for unique tuna farmer Clean Seas Tuna, but initiation from Patersons brings aboard another fan.