In today’s show we look at the latest from the markets, as uncertainty continues to stalk the halls. Many though are just admiring the beauty – as exemplified by Bitcoin 25% rise this week – while others worry about the beasts of inflation, faltering economic growth, higher energy prices and the Chinese property sector, to name a few. Wall Street had closed sharply higher Thursday on the back of the U.S. Senate approving legislation to temporarily raise the federal government’s debt limit and avoid the risk of a historic default.
US stocks fell and Treasury yields gained on Friday after weak jobs data upended bets on the Federal Reserve’s policy plans. The S&P 500 and NASDAQ 100 declined in turbulent trading as data showed employers added far fewer jobs than anticipated last month. While the report is unlikely to deter the Fed from announcing cutbacks to its bond buying next month, it may remove pressure for the central bank to raise interest rates any time soon.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
00:00 Start
00:15 Introduction
00:50 US Markets
03:15 Non-Farm Payroll Shock
07:00 Gold flat
09:00 Oil
10:30 SP500 Moving Averages
11:30 European Markets
12:39 IPO’s stall
15:00 Asian Markets
15:40 Energy crisis
17:50 Evergrande (again)
20:35 Japan BOJ eases QE
22:40 Australian market
25:30 Crypo booms
31:40 Global food prices jump to 10 year high
32:40 Conclusion and close
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