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.
Worse than expected GDP results out of Japan and Europe last night dampened the mood, but Wall Street just doesn’t want to go down in any big way. Dow down 9. (Accessible only for subscribers before 10:15 AEDST)
Leading economist Olivier Blanchard argues important progress has been made in putting the crisis behind us, but recovery continues to be hampered by the need for fiscal consolidation and a weak financial system.
Wall Street eased a little last night, but all eyes are on the ASX 200 and its nemesis, the 5000 mark. Can it hold? Dow down 36. (Accessible only for subscribers before 10:15 AEDST)
Global currencies road a rollercoaster of confusion last night as the Dow again closed above 14k, up 46 points. (Accessible only for subscribers before 10:15 AEDST)
The G7 wants to publicly assure its commitment to market-determined exchange rates, which impacted on financial markets last night, for what it’s worth. Dow down 21. (Accessible only for subscribers before 10:15 AEDST)
This week ATW’s Jerry Simmons expresses technical concern over the bearish pattern forming in the US-listed Chinese stock ETF and its potential impact.
A brief look at important company events and economic data releases next week.
The ECB joined the currency war last night, in talk rather than action, while Wall Street found it’s not that easy to pull back. Dow down 42. (Accessible only for subscribers before 10:15 AEDST)