Scoreboard: Obamacare scare

The threat of a US government shutdown over the healthcare bill will hobble markets this week, while more housing bubble talk and the RBA's rates decision will dominate locally.

It wasn’t the most exciting week last week. Not much news or data, and stocks in the US finished down about 1.2 per cent – in part because of the renewed debt ceiling drama, but also because there is a view that US stocks have run too hard. The All Ords in contrast finished 0.8 per cent higher, which is good news – we’re outperforming for a change.

There was more action on the debt market as the US 10-year Treasury note rallied. Yields were down about 10 bps to 2.63 per cent, but that mainly reflects the fallout from the Fed’s decision not to taper.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles