A glance through the latest expert views and predictions about commodities with higher prices for coal, a 33% increase for Brazilian iron ore and mixed demand for gold.
Perennial disappointer Downer has once again shattered market confidence with another spurious risk management failure. No one is amused.
The RBA was never going to change last month’s rate, but a surge in April retail sales and a plunge in building approvals did surprise economists.
The RBA surprised no one when it kept its cash rate at 4.5% this afternoon.
As May’s Chinese manufacturing data are released, analysts question the Chinese property “crash”and the the risk of China now drawing on its own commodity stockpiles, rather than buying more.
Investors are currently nervous and FY11 earnings estimates may be too high but Citi still sees value in equities at current levels, while GSJB Were outlines its current preferences.
With net credit demand in Australia beginning to ease, the Big Four banks are jostling for position among the various market segments.
Industry consultant TradeTech notes more aggressive pricing by sellers has seen the spot uranium price fall by US25c over the past week.
A snapshot of economist responses to today’s wealth of first quarter industry numbers along with April lending data.
A glance through the latest expert views and predictions about commodities, with reasons to like Aussie iron ore plays and an update on the feriliser market.
