A weaker than expected September quarter CPI has economists backing off on their November rate hike calls. It’s close.
Brokers believe ASX shareholders have been offered a great deal from the SGX but what is the honest chance of approval being granted?
The Dow jumped to exceed its April peak last night on home sale data before meeting selling once more. Dow up 31.
A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Wall Street reversed its earlier reaction to the Chinese rate hike last night and savoured several strong earnings reports. Dow up 129.
CBA’s Business Sales Indicator suggests Australian consumer spending is slowly trending higher, while research by Datamonitor suggests spending habits are changing.
The Chinese rate rise pushed up the US dollar last night sending stocks down ahead of news the NY Fed is suing BofA. Dow down 165.
A good result from Citi and relief on foreclosures had the banks leading indices higher last night. Dow up 80.
ANZ Bank estimates Australia needs invest $600 billion in infrastructure over the next six years, while in Asia the estimate is US$13 trillion over the next decade.
Three of the Big Four banks will begin to report full-year earnings next week along with a first-half result from Macquarie Group.