Wall Street took a breather last night as trades await tonight’s delayed non-farm payrolls data. Dow down 7. (Accessible only for subscribers before 10:15 AEST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A brief look at important company events and economic data releases next week.
Dollar down, gold up, Aussie up, bonds up, S&P at a new all-time high. Dow down 2. (Accessible only for subscribers before 10:15 AEST)
It appears Congress is about to pass a bill reopening the US government and raising the debt ceiling until early next year, pending further negotiations. Dow up 205. (Accessible only for subscribers before 10:15 AEST)
ANZ chartists suggest the US stock market uptrend in place since the 1930’s remains unbroken, while the outlook for Australia is not quite so clear.
Forex.com’s Kathleen Brooks tries to inject some sanity into the drawn out saga that has become from the political stand-off in the US.
Democrat senators are set to reject the latest deal put up by the Republicans as the clock ticks towards the debt ceiling deadline. Dow down 133. (Accessible only for subscribers before 10:15 AEST)
Saxo Bank believes a global slowdown is imminent as QE is not working, while Morgan Stanley remains positive on Australia from FY15.
Wall Street is quietly confident a meeting this morning between the president and Congressional leaders will at least result in an extension. Dow up 64. (Accessible only for subscribers before 10:15 AEDST)