A brief look at important company events and economic data releases next week.
BTIG market strategist Mike O’Rourke explains what needs to happen in the US to start creating more jobs and bring unemployment down.
In what seems like a delayed reaction, Wall Street took a tumble last night as fears of a fresh global slowdown grew. Dow down 145.
Despite Tuesday’s technical break-down, Wall Street managed to hold up last night in the face of very weak housing data and a more sober outlook from the Fed. Dow up 4.
US equities appear on their way to carve out a head-and-shoulders pattern on price charts, BTIG strategist Mike O’Rourke points out.
Q3 is shaping up as a highly volatile quarter dominated by economic data and government decisions, argue Gain Capital’s Brian Dolan and Jane Foley.
A weak US housing number added to a growing renewal of general concern last night as the S&P500 fell through its 200-day moving average amidst weak volume. Dow down 148. (Locked for subscribers until 10:00 AEST)
A glance through the latest expert views and predictions about commodities, with Macquarie positive on coal, BA Merrill Lynch seeing upside on coal service stocks and JP Morgan updating post a tour of Oz steel assets in the US.
China has announced it will end the peg of its currency against the US dollar, an announcement analysts see as a positive for the Australian dollar.
Both zinc and lead prices have fallen heavily in recent months but analysts at Hallgarten suggest better times are ahead for both metals.