Big miners are scaling back capex plans and this has the potential to impact on the mining services sector, where brokers have updated their preferred exposures.
News gave way to rumours last night over whether Greece will receive its bail-out tranche and whether Spain will nationalise its banks. Dow down 97. (Accessible only for subscribers before 10:15 AEDT)
A glance through the latest expert views and predictions about commodities with updates on bulk commodity markets, changes to coal price forecasts, views on recent oil price weakness and a review of metal markets.
Wall Street plunged but later recovered much ground on the news a far left party was attempting to form a government in Greece. Dow down 76. (Accessible only for subscribers before 10:15 AEDT)
A glance through the latest expert views and predictions about commodities with forecasts being revised, updates on precious metals and aluminium and changing capex plans for miners.
Weekly update on recommendation, target price, and earnings forecast changes.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
Global service sector PMIs have showed a downward trend over the past 24 hours, spooking Wall Street ahead of tonight’s jobs number. (Accessible only for subscribers before 10:15 AEDT)
A glance through the latest expert views and predictions about commodities with updates on base metal markets and views on the outlook for thermal coal prices.
Jonathan Barratt of Barratt’s Bulletin sees upside presure on copper as lack of supply counters weaker global demand growth.