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…
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.