Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street closed flat last night as traders await tonight’s US jobs report. Dow up 9. (Accessible only for subscribers before 10:15 AEST)
Wall Street was back to concentrating on economic data last night and the picture is not so rosy. Dow down 99. (Accessible only for subscribers before 10:15 AEST)
It’s not often you hear Wall Street commentators citing Australian monetary policy as a reason for selling in US stocks. Dow down 140. (Accessible only for subscribers before 10:15 AEST)
Michael Gable of Fairmont Equities is targeting a US$1480 gold price.
The Buffet effect was cited as reason the month of May began on Wall Street with a rally, albeit lacking conviction. Dow up 117. (Accessible only for subscribers before 10:15 AEST)
A Fed rate hike now looks less of a possibility in June following last night’s statement release. Dow up 51. (Accessible only for subscribers before 10:15 AEST)
Newcrest delivered positive revisions to production at its main mines at Cadia and Lihir but brokers believe sustaining these rates is crucial.
Wall Street was quiet last night ahead of after-the-bell earnings reports and central bank meetings in coming days. Dow up 13. (Accessible only for subscribers before 10:15 AEST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.