No shock that it’s bail-out time for Portugal while carry trades push the Aussie over 1.04. Dow up 32. (Locked for subscribers until 10:00 AEDT)
Euro Pacific Capital’s Michael Pento is surprised by how many people are being fooled by the Federal Reserve.
Inflation concerns and global unrest had gold pushing up into nominal blue sky territory last night as Wall Street again showed a lack of interest. Dow down 6.
Brent crude pushed over the US$120/bbl mark last night in a quiet session on Wall Street as we await remarks from Ben Bernanke. Dow up 23.
In one fell swoop, Japan has changed everything, with significant ramifications for Australia’s existing and proposed LNG production. Is it a game-changer?
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Despite a quiet and slightly down-day on Wall Street, the S&P closed its best March quarter since 1998 with a 5.6% gain. Dow down 30.
Barclays Capital’s analysis of monthly seasonal trends shows April tends to be a good month for global equity markets.
The ADP employment result was solid, but traders point to end of quarter window dressing as the influence for last night’s rally on Wall Street. Dow up 71.
Wall Street was boosted by a consumer sentiment report which wasn’t as bad as expected, among other things last night. Dow up 81. (Locked for subscribers until 10:00 AEDST)