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.
Good start with the ASX 200 up 60 points – better than the Futures, which were up 31 on the back of the OK Jobs Numbers in the US on Friday. FMG and BEN ex-dividend. Solid progress in the resources sector today – iron ore is up, BHP and RIO up in the US on Friday.
US markets closed out the week mixed on Friday following jobs numbers. Dow up 116 points (+0.33%). S&P 500 up 0.18% and NASDAQ flat.
Quiet week – US closed tonight. Results season is over. Second-grade economic releases. Lots of ex-dividends. All eyes on the RBA – but there’s nothing to see. Phil Lowe’s last.
The ASX 200 closed 41 points up to 7319 (+0.%), letting go of earlier gains as economic data dampened the mood.
JOBS NUMBERS – Good enough – Not sure the jobs numbers are enough to confirm…
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.
Wall Street finished mixed overnight. The Dow Jones finished 168 points lower (-0.48%). Dow at…