A brief look at important company events and economic data releases next week.
In the view of economics academics, US unemployment is being impacted by the nature of the current economic crisis but can recover without a rise in inflation.
Draghi sparks up stock markets with some familiar platitudes, while elsewhere markets remain less convinced. Dow up 211. (Accessible only for subscribers before 10:15 AEDT)
A suggestion the ESM could secure a banking licence had the euro bouncing hard last night, gold up, and US stocks in a muddle. Dow up 53. (Accessible only for subscribers before 10:15 AEDT)
Greece can’t pay, Germany facing downgrade, US earnings hit by fiscal cliff, talk of Fed unlocking the safety catch. Something must shortly give. Dow down 104.(Accessible only for subscribers before 10:15 AEDT)
Another Spanish state is ready for a bail-out while the signs indicate Greece may finally be about to be given the heave. Dow down 101. (Accessible only for subscribers before 10:15 AEDT)
Last week Australian analysts continued to look at the US drought and its impact on global grain supplies, as well as pharmaceutical wholesalers and mining capex.
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.
US earnings are managing to inspire further rises, but there is a lack of conviction in markets at present. Dow up 34. (Accessible only for subscribers before 10:15 AEDT)