The Sunrise Headlines

  • US equities ended narrowly mixed on Monday, as earlier gains evaporated later in the session after Sandisk said record energy prices hurt sales, pushing tech stocks down.
  • Asian equities fall overnight after a six day winning streak.
  • Reserve Bank of Australia considered raising rates earlier this month, according to Minutes, sending the Australian dollar to 24 year high (versus US dollar).
  • BOJ keeps rates unchanged, as uncertainties about global growth and energy thrive
  • US Senate agrees on housing bill and looks now for compromise with House bill.
  • Crude (127.26 $) remains well supported and close to highs on supply fears and OPEC's reluctance to raise output at its next meeting.
  • IMF still sees serious risks to global financial stability
  • German ZEW indicator and US PPI highlights for trading today