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.
With the AUD/USD cross less relevant as a sentiment read, CBA sees good opportunity in the EUR/JPY.
Spain is downgraded, putting more pressure on Madrid, while Apple’s influence on US indices continues to be significant. (Accessible only for subscribers before 10:15 AEDST)
They’ll be lining up in both the “Republicans are good for the market” and the “Democrats are good for the market” queues. Tragically, both are wrong!
Technical analysts at Barclays report the Dow Industrials is putting a double top on price charts.
Ahead of the Herd’s Rick Mills reports the first shots have been fired by the US Federal Government, with the first legal action launched against Pre-GFC issuers of mortgage-backed securities.
Spain, Greece, US earnings, economy downgrades, the fiscal cliff – eventually something had to give. Dow down 128. (Accessible only for subscribers before 10:15 AEDST)
Despite the evidence, most investors simply don’t accept that we’re in a bull market, suggests Investment U.
A sudden plunge in the euro last night that sent Wall Street packing has been blamed on a misquote in Spanish bond yields. Dow down 110. (Accessible only for subscribers before 10:15 AEDST)