United States

Shares in BHP jumped 5% in offshore markets last night following speculation China is looking to move on BHP. The Dow closed down 36 points.

The Dow closed unchanged last night ahead of the “official” kick-off of the earnings season. Commodities were strong once more.

The worst jobs number in five years did not set off a slide on Wall Street.

Wall Street went quiet last night ahead of tonight’s jobs numbers, as the market remained glued to coverage of the testimony to Congress.

Morgan Stanley sees evidence major economies are re-coupling to the US economy and this has implications for growth going forward.

A fall of 45 points in the Dow suggests Tuesday’s rally is holding up okay. Bernanke joins the recession chorus.

It was an explosive opening to the second quarter on Wall Street, aided by better economic data and a successful Lehman capital raising. The Dow rose close to 400 points.

Citigroup’s US analysts report on why they see Lehman Bros as a screaming Buy and not a solvency Sell.

The worst quarter on Wall Street in six years came to a lacklustre end last night, the Dow rising 46 points as commodity prices fell.

The RBA meets next week but will not raise the cash rate while the US has another week of data over which to argue the case of recession.