The Dow had added 53 points on the close to finish a tumultuous week up 2.8%.
Global money markets seem to improve this week with the RBA withdrawing cash in a clear token of central bankers’ confidence. RAMS shares have recovered to $0.80.
A once stoic BoE has bowed to Gordon Brown as a result of Northern Rock, while Governor King is burnt at the stake.
Barclays Capital has lifted its long-term base metal price forecasts and expects copper, lead and tin to gain the most, while also increasing its gold price outlook for the rest of this year.
Wall Street began to feel more edgy last night as the US dollar accelerated its slide against major currencies. Mixed earnings reports included a shock result from Goldman Sachs.
Despite the obvious dampening of takeover enthusiasm these days, Southern Cross Equities suggests Cochlear should be quite attractive to a multinational medical company.
Coles managed to post what more than one broker described as an “alarming” food & liquor result, despite already weak expectations. Does it still matter?
Austock Securities expects further consolidation among companies in the agricultural sector and has run through its views on the major players.
Positive momentum carried through on Wall Street last night. Base metals in London posted the gains they would have made yesterday had the exchange not closed before the Fed announcement.
Weekly musings from your editor. Are you ready to be surprised? Here’s a question and some answers that will surprise you, I promise.
