US markets take a “breather”…. But will Yellen shift her stance?
Another “extremely busy” week with over 100+ companies reporting their FY results
But we’re nearly at the finish line and we would not mind heading over to Tasmania, switching the phone off for a few days and going hiking in the wilderness…
All eyes tonight will be on the US Fed and “Jackson Hole”……..
Will US interest rates rise anytime soon?
Is monetary and fiscal policy actually helping the US economy?
Yellen will speak at the Kansas City Fed’s annual mountain retreat in Jackson Hole, Wyoming Friday at 8 a.m. local time
Investors are hoping for some description of the economy in the chair’s first public comments since June, as well as some clarity over the Fed’s rate outlook. The central bank’s next meeting is Sept. 20-21.
“Given the back and forth and the constant changes in the Federal Reserve discussion, the market is waiting for some clarity,” said Quincy Krosby, a market strategist at Prudential Financial Inc. in Newark, New Jersey. “It’s going to be a wait and see.”
Today, we will be meeting with Dotz Nano management in relation to their upcoming IPO…….
For those in Melbourne, they are also hosting a function tonight @ ZINC from 5pm (canapes and drinks provided) and if you would like to attend, please let us know.
Let’s see if they “tick” the PEAK boxes….
The SPI is up 8 points this morning
Niv Dagan is an Executive Director of Melbourne based boutique funds management and corporate advisory firm, Peak Asset Management (www.peakassetmanagement.com.au). He is also a regular financial commentator on Sky Business