Niv Dagan is an Executive Director of Melbourne based boutique funds management and corporate advisory firm, Peak Asset Management. He is also a regular financial commentator on Sky Business.
U.S. stocks held near record levels (Dow Jones -11 points) and the dollar gained as traders digested mixed data in the world’s largest economy amid bets interest rates will stay low.
US stocks were higher on Friday night (Dow +85 points), Crude oil +2.97% and the SPI is +33 points, as US payrolls increased by 151,000 in August……….. Less than expected….
Yes, Wednesday as here and as we prepare ourselves for the official “last day” of the AUS reporting season, we sit down and have a big “sie” of relief…
So the Bank of England cut growth forecasts by the most ever and announced a large stimulus, as policy makers unveiled a stimulus package aimed at containing the fallout from the U.K.’s secession vote.