Brokers look ahead to the earnings reports from the Oz steelmakers and note benefits will flow from better prices and a softer Australian dollar in 2014, irrespective of the great carmaker exit.
Michael Gable of Fairmont Equities reports history suggests the Dow Jones has seen a low and is set for a rally.
Paladin’s announced shutdown of its Kayelekera project will remove supply and has thus sparked a higher uranium spot price.
Macquarie asks why Chile’s mine output is up but refined copper falls. Citi disputes a deficit in aluminium is looming. High gas prices will force contraction in domestic usage, observes Goldman Sachs.
A wrap of the day’s activity on the Australian stock market.
Woodside has struck a new deal at Leviathan and sent brokers scurrying for their calculators to assess the value.
Iron ore and copper look like winners, gold prices may ease before recovering and a supply shortfall is looming in tin.
Brokers are pleased with the container company’s ability to negotiate the challenges in both the economy and the marketplace.
Weekly update on recommendation, target price, and earnings forecast changes.
A wrap of the day’s activity on the Australian stock market.
