Daily FNArena News

Technical selling has been blamed for the rout overnight in base metal prices.

Credit Suisse and Morgan Stanley have lifted their iron ore price forecasts as continued strength in steel production is being exacerbated by a lower than expected supply response.

Analysts excitedly gathered in London last night in anticipation of a great new show, but instead got a re-run.

As China buys into a US private equity fund, commentators ponder the wall of money that is set to hit the market now that foreign investment rules have been relaxed in the world’s most populous nation.

Most experts see little impact from China’s move to widen its currency trading band but Danske Bank suggests it gives an extra policy alternative leading into trade talks with the US.

The People’s Bank of China has lifted interest rates and tightened reserve requirements but the experts see the moves as having little impact on liquidity levels.

Long-term supporter Intersuisse remains positive on Service Stream, suggesting investors continue to buy at current levels for solid growth prospects.

Newcrest’s Cadia might be safe for now but Rio’s Tarong is not. BHP’s Olympic Dam may prove quite a strain. Water is quickly becoming the mining industry’s biggest headache.

It may prove largely symbolic, but trade talks between the US and China midweek will be closely watched in a week otherwise largely devoid of data on either side of the Pacific.

Crossland Uranium sees little sign of any weakness in the uranium market while Toll Securities believes the short term outlook may be bleak.