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Weekly Economic Commentary

Weekly Economic Commentary

Categories: General, Commodities

Trading over the weekend was again most notable for continued weakness in US stock markets. This was led by the NASDAQ which lost a further 1.3% to close below 4,000 for the first time since early February. The Index has lost 4.3% last week, the S&P/500 was down 1.0% for a loss of 2.9% on the week and the Dow lost 0.89% to be down 2.4% over the week. All three US indices are now in the red year-to-date and our share market looks to follow on the open this morning.

This equity market weakness is pushing investors into bonds, and local bond yields are lower this morning, while the Australian dollar is just below USD0.94..

Rural Bank’s Weekly Economic Commentary will not be distributed until Friday 9 May due to annual leave.

We look forward to talking to you again on Monday 12 May.

Source: www.ruralbank.com.au

 

Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank Limited accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank Limited ABN 74 083 938 416 AFSL 238042.