Morning all (thanks for the handover highlandlad),
DOW Snapshot
"Stocks ended higher Thursday, erasing a steep morning selloff sparked by Greek debt default worries, a spike in the dollar versus the euro and a plunge in commodity prices. Also in focus: President Obama's speech on financial reform, a better-than-expected housing market report, a mixed reading on weekly jobless claims, a rise in wholesale inflation and the latest round of corporate profit results." [Source: cnnmoney.com]
The DJIA Index finished Friday's session: Up 9.37 pts; and The SPI Futures are currently: Up 4 pts atm.
Of Note in Australia today:
Import Price Index (QoQ) (1Q) [Import Price Index informs the changes in the price of imported products. It''s released by the Australian Bureau of Statistics. The higher the cost of imported goods, the stronger the effect they will have on inflation, redunding in a higher probability of a rate rise. Therefore, a high reading should be taken as positive, or bullish, for the AUD.]; and
Of Note in the US tonight:
Durable Goods Orders (market moving indicator); and
New Home Sales (merits extra attention);
Gold Futures: Gold is Down $1.40 atm and is currently sitting at $1,139.90/oz (Kitco); Oil Futures: Oil is Down $0.13 at $83.57/barrel (NYMEX/Bloomberg); and The Dollar: The AUD/USD is currently trading at 0.9245 cents (Forex. Live).
