US Easing Offers 'Put' Safety as Markets Drift, Outlooks Weaken
[ Programme Segment: Market Watch ]
Ben LeBrun, Market Analyst and Commentator at Options Express, discusses:
- Australia’s Deputy PM and Treasurer Wayne Swan's responses to Andy Xie's comments that Australia’s economy is at risk of a Spain-like economic crisis;
- Swan's strategy - budget back to surplus in 2012-2013, maintaining low unemployment, strong job creation & cultivating an investment pipeline in resources of $500 billion - achievability;
- Key takeaways on Fed's June meeting - lack of easing - issues;
- Second-quarter earnings - weak guidance - outlook warnings - issues.