Daily FNArena News

The oil market continues to display tight fundamentals and this is expected to support prices, with analysts adjusting price expectations for expected conditions.

David Bicchetti and Nicolas Maystre of UNCTAD suggest as commodity markets becomes more financialised they are becoming more prone to external destabilising effects.

BA-Merrill Lynch sees many China-related reasons for near term iron ore upside while JP Morgan reviews Australia’s iron ore mid-caps.

Goldman Sachs has downgraded Oakton to a Neutral rating following recent share price gains while also removing the stock from its Buy list.

BHP Billiton shares have broken key technical support to the downside and the TechWizard believes rough times are likely to persist.

China’s copper demand apparently remains robust, which is at odds with recent economic data. The practice of borrowing cash against copper stockpiles suggests some misled assumptions with regard to supply-demand.

Weakness in AUD/USD is only a temporary phenomenon, predicts the TechWizard.

Having not made an acquisition since 2010, Programmed Maintenance has expanded its ground maintenance operations and on the news equity brokers remain positive on the stock.

FNArena’s weekly update on short positions in the Australian share market.

With little pressure on sellers, the spot uranium price managed to tick up slightly last week.