Wall Street was heading south again last night until the ECB president calmed fears over Greece. Dow down 41. (Locked for subscribers until 10:00 AEDT)
June usually is a tough month for commodities and the US dollar, finds Barclays.
US data have been weak of late, but a very weak ADP jobs number and then a later warning from Moody’s over Greece had markets reeling last night. Dow down 279. (Locked for subscribers until 10:00 AEDT)
Germany may agree to delay Greek restructuring – news that boosted Wall Street despite more weak US data. Dow up 128.
Charter Hall Office now intends to sell all of its US assets and return capital to shareholders, a move that has brokers split on whether or not the stock offers value at current levels.
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.
Wall Street recovered to a positive close after a weak GDP result sparked early selling. Dow up 8.
Goldman Sachs’ call was still resonating last night as oil and metals continued their rally. Dow up 35.
US equities have further to correct, says Dennis Gartman, with conviction.