A brief look at important company events and economic data releases next week.
Mixed US economic data met a successful Greek bond sale last night to send Wall Street higher on low volume. Dow up 47. (Locked for subscribers until 10:00 AEDST)
Q4 GDP growth for Australia came out at 0.9%, plus the Q3 growth figure had been revised upwards.
Wall Street was mixed last night, masking decent moves up in commodity-based stocks as pressure begins to rebuild for the US dollar. Dow up 2. (Locked for subscribers until 10:00 AEDST)
The RBA had indicated in its previous minutes that data would inform the next decision, and that has been the case in today’s 25 point cash rate hike.
The RBA today bowed to the pressure of recent data and lifted its cash rate to 4.00%.
Barcays Capital’s analysis of seasonal trends shows March tends to be good for equity and energy markets.
Global manufacturing data met US takeover activity, Greek bail-out plans and an increasingly worried UK last night. Dow up 78.
Economists at TD Securities are worried the RBA might be too relaxed about inflation.
A brief look at important company events and economic data releases next week.