Stocks were wary but commodities went for a run last night as the world weighed up the prospect of more Monopoly money in the system. Dow down 21. (Locked for subscribers until 10:00 AEST)
With the RBA in a hawkish mood, the Aussie seems destined to hit parity. But this has varying implications for stocks, inflation, the trade balance and monetary policy itself.
No QE2 yet, but at the ready to attack not just economic contraction but simple low inflation. Dow up 7.
NBER last night declared the US recession over. Wall Street responded accordingly despite NBER’s revelation the recession actually ended in June 2009. Dow up 145. (Locked for subscribers until 10:00 AEST)
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Dennis Gartman suggests equity indices are looking toppy, while gold looks well-supported.
A brief look at important company events and economic data releases next week.
The S&P 500 is stuck at its 200-day moving average with mixed data and lack of volume providing little in the way of direction from here. Dow up 22.
Why did the Bank of Japan intervene to cap the rise of the yen and what does it mean?
While Wall Street was stronger on IP data, volumes were low and other markets stood still as authorities tinkered or are anticipated to tinker. Dow up 46.