A brief look at important company events and economic data releases next week.
No one’s entirely sure why, but last night the US dollar exploded through 100 yen and sent all other currencies, including the Aussie, tumbling. Dow down 22. (Accessible only for subscribers before 10:15 AEST)
Forex.com’s Kathleen Brooks reports momentum traders are turning to equities with other markets playing second fiddle now, at best.
Wall Street opened lower but traded higher last night while yesterday’s Chinese trade data have drawn scepticism. (Accessible only for subscribers before 10:15 AEST)
The Dow closed above 15,000 for the first time ever last night on an 87 point gain, while the RBA rate cut was the talk of the town. (Accessible only for subscribers before 10:15 AEST)
The S&P ticked up slightly into blue sky last night in a quiet post-jobs session with UK metal markets closed. Dow down 5. (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.
A brief look at important company events and economic data releases next week.
Michael Lombardi reports share buybacks are masking the lack of real growth among US listed companies, and what is really going on with US federal government debt?
With plenty of central bank backing you might as well Buy in May. Dow up 130. (Accessible only for subscribers before 10:15 AEST)