SCOREBOARD: Hard yards

The US and eurozone continue to enjoy a run of good data, but a falling Aussie dollar is driving divisions at home.

Friday’s session was fairly lacklustre with US stocks pretty much flat, weaker in Europe (down about 0.3-0.6 per cent), and commodities all softer (0.1-0.2 per cent). For the globe it was just another week: a lull in this bull market that is in its fifth year. The only significant oddity was that commodity prices aren’t rallying as well – especially given the strong fundamental support and the absence of any broad-based supply surge.

So for the week US stocks are off something like 0.9 per cent, which is nothing really, and gold is actually up about $25, with crude down about $1.8 or so to $94.15.


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