SPI Futures up 31 after US jobs numbers were good enough – Not sure the jobs numbers are enough to confirm our best hopes, but they didn’t kill them either. We have survived to thrive.
JOBS NUMBERS – Good enough – Not sure the jobs numbers are enough to confirm…
Wall Street finished mixed overnight. The Dow Jones finished 168 points lower (-0.48%). Dow at…
Jobs numbers set to kill or fill our recent hopes for a peak on rates. End of the results season – Hooray. What an analyst goes through. Retirement Today – Timing the Market – A good game. US closed on Monday for the Labor Day holiday. Some dividends coming up include BHP, FMG, MIN. And BEN. Henry away for three weeks – the PRE-MARKET podcast has a dazzling new host (Me!).
The ASX 200 finished out the week down 27 points to 7278 (-0.4%) but up 2.29% for the week as reporting season wraps up.
AFR – ASX to drop, Wall Street mixed as US jobs data awaited. US yields dip after inflation, jobless data; market awaits payrolls.
Fed’s Bostic says U.S. interest rates are high enough. Core PCE price index rose 0.2% v +0.2% last month; up 4.2% v 4.1% YonY. Dollar rises.
July US consumer spending (two thirds of GDP) accelerates 0.8% in July. Most in six months.
Reduced risk of recession but spending unsustainable.
Bit of a pause today. BHP down a touch in the US and the recent rally. One strategist noting that the Chineses market has stopped responding to bad news – flogged to death already. Even the $7bn loss in six months from property stock Country Garden didn’t upset it.
US markets extended gains for a fourth straight session following more economic data pointing to…
ASX 200 moved slightly higher, up 8 points to 7305 (+0.1%), despite a headwind of companies trading ex-dividend.