Chartists at Barclays anticipate steeper losses for base metals.
Analysis of monthly seasonal trends for Barclays Capital shows June is the start of a summer struggle for equities, while the US dollar and commodities usually also find the going tougher.
Local broker focus shifted from Europe to more local concerns last week, with banks, insurers, builders and miners coming to the fore.
Chartists at Barclays Capital remain convinced base metals will see lower price levels.
A glance through the latest expert views and predictions about commodities with NAB updating its expectations, reports on copper and zinc and why silver prices may be near a bottom.
FNArena’s weekly update on short positions in the Australian share market.
Holidays in the US and in Europe kept volumes low overnight, while rising yields in Spain and Italy weighed on overall enthusiasm. (Accessible only for subscribers before 10:15 AEDT)
Weekly update on recommendation, target price, and earnings forecast changes.
A glance through the latest expert views and predictions about commodities with energy and iron ore sector recommendations updated, nickel’s weak outlook and steel market commentary.
Wall Street was looking a bit worn out last night ahead of the US long weekend as stocks bungled along unenthusiastically. Dow up 33. (Accessible only for subscribers before 10:15 AEDT)