Commonwealth Bank economists believe the global economy is recovering as it should from such a significant financial crisis and there is no need to fear a return to recession.
The QE2 remains at port but it will be kept fully supplied. After a wild ride, the Dow closed down 54. (Locked for subscribers until 10:00 AEST)
It would seem the market has been setting itself up for disappointment prior to Tuesday’s FOMC meeting, experts suggest.
With its expectations for rate hikes in the US being pushed out Commonwealth Bank has revised its currency forecasts, lowering US dollar expectations and lifting estimates for other currencies.
Wall Street was eagerly anticipating QE2 last night, on minimal volume. Dow up 45.
BTIG strategist O’Rourke has done further research into Deatch Crosses and discovered some encouraging historical data.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A glance through the latest expert views and predictions about commodities, with Goldman Sachs lifting its zircon estimates, analysts updating on the natural gas and iron ore markets and arbitrage activity in copper.
A brief look at important company events and economic data releases next week.
In what can only be seen as a near perfect timing, three economists argue the US needs domestic growth to sustain a recovery in jobs.