Aussie market started positive with miners before banks joined in to push it even more to close just above the psychological 5000 mark. The morning strength in miners was due to recent strength in Iron Ore, but the main catalysts are post Chinee New Year re-stocking and some supply side... Show More
The data flow from the United States was surprisingly upbeat. The second estimate for real GDP showed a 3.7% (annualised) lift in the June quarter, up from the advance estimate of 2.3% and well above the March quarter outcome of 0.6%. This lifted average annual growth in nominal GDP to... Show More
The first graph below shows the change in private sector payroll jobs from when each president took office until the end of their term(s). Mr. G.W. Bush (red) took office following the bursting of the stock market bubble, and left during the bursting of the housing bubble. Mr. Obama (blue)... Show More
"The number of Americans filing new applications for unemployment benefits rose less than expected last week, suggesting labor market conditions are continuing to tighten. Show More
