Global markets were mixed on Friday, as US stocks and Treasuries rose while the dollar sank after Janet Yellen’s speech didn’t take the hawkish tone some expected.
The annual gathering of central bankers in Jackson Hole, Wyoming was the key event to watch over the weekend as investors looked for any clues to the future direction of monetary policy. Fed Chair Janet Yellen’s speech proved to be rather academic, with little mention of current policy as Yellen argued strongly for the US to retain the majority of its financial regulations put into place after the financial crisis.
It was a full-on week last week in terms of earnings announcements across Australia and New Zealand. While the week ahead will continue to see profit announcements, we are moving into the tail-end of earnings season.
Stock in Focus: Costa Group (CGC.AX)
There were some dramatic stock moves last week as investors digested profit announcements across Australia and NZ, w...
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