Brokers are seeing signs of a trough in global economic conditions, but an improving outlook for equities is still mostly limited to emerging markets.
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.
European central banks have now agreed to join the Greek bond restructure while there is also talk of simply giving Greece a bridging loan. Dow up 123. (Accessible only for subscribers before 10:15 AEDT)
A glance through the latest expert views and predictions about commodities in regard to zinc smelting, platinum versus gold, China and the silver price, US steel output, and the cheap gas impact on iron ore.
Wall Street appears at somewhat of a loss as to what one should do from here, and the Fed doesn’t seem to know either. Dow down 97. (Accessible only for subscribers before 10:15 AEDT)
The price of oil is beholden to storage capacity, refinery capacity, supply issues and Middle East tensions but in demand terms the global economy’s shift from West to East is significant for future pricing.
Tim Price of PFP Wealth Management suggests the investment world at present is not limited to a simple choice between debt and stocks, as the argument for owning real assets continues to grow.
ATW’s Jerry Simmons observes many price charts for financial assets are showing dojis. These often, but not always, announce a pending change in trend.
Response in global markets overnight to the Greek vote was relatively muted as ratification yet awaits. Dow up 72. (Accessible only for subscribers before 10:15 AEDT)