In the ongoing process of post-GFC regulatory changes, ASIC is looking to formalise stock broker recommendations in the wake of investor complaints.
The first quarter ended on a nervous note in the US as jobs forecasts were tested. Volume was poor for an end of quarter session. Dow down 50.
Prices for commodities continue rising fueled by euro strength and end of quarter buying.
Greek bonds began to topple again last night while Ireland was forced to take on bank debt, all amidst a flurry of disinterest on Wall Street. Dow up 11. (Locked for subscribers until 10:00 AEDST)
A rallying euro has helped commodities rallying too these past trading sessions, but what will come next?
With two nights to go in the quarter commodity funds decided to buy with gusto last night following a successful Greek bond issue. Dow up 45.
As commodity prices continue to recover from the February correction more brokers have taken time to review their outlooks for various markets in the sector.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
While National Australia Bank expects the gold price will continue trending higher, Citi suggests gold has peaked and will fall in coming years.
Short term views on commodities and precious metals are hastily revised across the globe as the euro reverses direction.